Historic Day, Stocks Short-Term Oversold
Posted in November: "A few years of gains, even a decade's worth, being erased in a quick reversion is not historically uncommon."
Welcome back to 2017!
Posted early January: "The time will come when we will all learn a lot more about the true value of intangibles."
After a one-day drop not seen since 1987, added to the amazing past few weeks of markets plunging rapidly, stocks finally seem short-term oversold.
As a bonus, cryptos showed how "valuable" they truly are when the going gets tough:
It couldn't have been a better day, week, or past month for those who've remained prudent and sane in their market activity, so very patiently waiting years for "someday" when the serially reckless get their due and seeking fair value seems the popular thing to do.
Mama said there'd be days like this.
If history's any indicator - as we always assert that it is - the beatings will continue until valuations improve.
posted by C. Guinness @ 8:59 PM
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