A snapshot of the headlines says a lot…
A snapshot of the headlines says a lot. For what it’s worth, only James Altucher and I seem to be wanting to buy this market on this crash. We could both certainly be dead wrong, but I’d rather be a contrarian. Matter of fact, contrarianism is a form of “hardest trade to make”, if you think about it. Anyway, take a look at this:
Markets hit the deck
After a single session’s respite, U.S. stocks return to their losing ways — and do so emphatically.
• Geithner stays put , and the market tanks — coincidence? (First Take) | First Take: breaking analysis
• Violent swing puts gold futures $20 in the red | Oil slide extends to Day 5 | Treasury yields drop
• VIX nears 30 as stocks sell off | Trading volumes surge | Selloff storm follows low July volumeSPECIAL REPORT: HOW TO SURVIVE A MARKET SELLOFF
• Buy this market, advises fund founder James Altucher (blog) | Cody Willard: Why I’m buying (blog)
• ‘Markets Hub’ special report: How to survive this market
| Are there any safe havens left?
• When a ‘wrong’ investing strategy is right | Street puts chips on double dip | Life after the debt deal
• Will stocks retest 2009 lows? Todd Harrison takes a look (Minyanville) | Todd Harrison: U.S. blues
• Mastering the psychology of a market selloff (blog) | How has the market changed?
Now all that said, be careful out there, even if you are buying. Again, we can’t draw a line or try to catch the perfect bottom.
