It has been a busy September. Work has kept me occupied that I’ve missed a personal target of mine to write one post a week. Hopefully I can make up for it going forward.
The market has been stagnating/declining over the past weeks, with the S&P 500 headed for its 4th week of losses. This is pretty worrying signs for the overall economy but in line with what most analysts are expecting in the run up to the 2020 US Presidential Election.
I fully expect it to be another volatile month ahead and there might be opportunities to buy the dip for those who are looking to make their foray into the markets.
The Fear & Greed Index is currently neutral, a drastic change from a month ago when it was fervently at the greed zone.
CNN’s fear and greed index measures investor’s emotions of fears and greed on a daily, monthly, yearly basis. I find it a fun metric to keep in touch with the general sentiment of the current market.
Remember what Uncle Buffett famously said? “be fearful when others are greedy, and greedy when others are fearful.”
I have friends who use it to time their stock purchases, often preferring to enter when it is hovering near the “Extreme Fear” zone. In my opinion and as shown by most in the financial blogosphere, time in the market is better than timing the market.
Let’s see what bargains are there in October 2020 and hopefully the world will emerge a better place with the right leader we need come 2021.
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