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© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.Asian markets dip after Wall Street had its worst week in nearly 18 months
By ZIMO ZHONG HONG KONG©2024 GPlusMedia Inc.
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theFu
Every year, sometime in Sept or October, there is a terrible week for the US stock market. It happens so regularly, almost everyone looks for it as a buying opportunity. Then, a few weeks later, the market wakes up, sees all the lower values and starts buying again for the winter gains that last until late March/early April - which is another regular thing in the US markets.
Both these timing events happen almost every year - pretty much every year since the 1980s - so I've been planning on them and had un-invested cash sitting, waiting, to be invested for the next 5-7 months of "up" trends.
For some reason, Asian markets seem to be overly pessimistic or overly optimistic, magnifying any events for reasons that seldom make sense to me. Call it a cultural difference. IDK. Looking at the extremely high prices Asians have paid for real estate makes be cringe sometimes. It is like they want to over spend sometimes and think up trends will continue indefinitely. All trends end. The goal should be not to be the last guy paying the most, at the peak.
What's the saying?
This goes with the
common sense. It isn't buy at the lowest possible price, sell at the highest peak price. Perhaps it should be buy at a lower than normal price, sell at a higher than normal price instead?
And add "don't freak out" over market fluctuations. We like fluctuations. They provide opportunities to find deals.
theFu
GD hit a new 52-week high today. Up just barely under 39% in the last 12 months. Just sayin'. Wish I owned some beside through an ETF. Today isn't a good time to buy it. The point is, there are always "opportunities".
3RENSHO
Never attempt to catch a falling knife...