The market has already hit new heights since post-Brexit and investors should have taken care not to "pay a fair price for a good company," and insist on a good margin of safety.
Friday, September 9, 2016
And it falls...
After a couple of post about warning signs (as gleaned from William O'Neil's book about market topping off), the markets, without any warning, drop about 2.3-5 percent last night.
The book mentioned about market "stalling," which means neither having a clear up or down direction (in short, a doji), and increased volume over the previous day. This hints of institutional selling.
The market has already hit new heights since post-Brexit and investors should have taken care not to "pay a fair price for a good company," and insist on a good margin of safety.
The market has already hit new heights since post-Brexit and investors should have taken care not to "pay a fair price for a good company," and insist on a good margin of safety.
Subscribe to:
Post Comments (Atom)
-
Obviously, this will be the final update for the year. Portfolio Return: +1.99% Straits Times Index Fund: +1.03% S&P 500: 24.25% Hong Ko... -
Obligatory food shot for the people in InvestingNote. Just kidding. The author is vested in Cordlife, and has 6% of his portfolio "inve...
September 2024 Portfolio Update
As I wrote, Alibaba just closed another 7.3% up in one day. CSI300 index went up about 7.21% itself (at one point, it was 10%). "The bo...
No comments:
Post a Comment