That’s how i woke up today, seeing that many stocks were down 10%. It was an ocean of red with a few green spots here and there (O’Reilly being one of the few).
Frankly, i like these big drops more than I like anything about the stock market. I don’t really like long-term enthusiasm. I fear long-term enthusiasm. However, when there’s a panic, there are obvious occasions.
Swing the bat now. You may get an homerun later but you’ll surely do well if you swing it today. I don’t think I’ll be wrong on that one maybe one year from now.
Anyway, you’ll be dead sooner or later. Meanwhile, you must try things. Buying stocks these days could be a great experience in your relatively short time being alive.
But buy GREAT stocks. Don’t buy shit with a PE of 10 or 12.