We are having one of the worst Octobers in the past decade.
Prices took some huge hits this month, and some folks under 35 have learned for the first time in their lives that stocks can actually go down.
It’s a little scary if you have never seen this type of price action, but I’ve seen it so many times that so far I have not paid much attention.
The market has not offered a bunch of bargains yet, so there is not much to do at the moment. But personally, I am hoping that changes soon.
At my house, we don’t celebrate new highs.
We expect new highs to happen, as we know that human nature itself means we all are going to want to strive to build a better life for ourselves and our families. That striving leads to innovation and growth that provides an upward drift in the equity markets over extended periods of time. It happens all over the world, but nowhere is it more evident than here in the United States.
Instead, we celebrate these occasional violent down moves.
These down moves cover Wall Street in blood and vomit, while Main Street huddles under the kitchen table in fear, cuddling a bottle of cheap gin.
But that’s when fortunes are made.
And that’s exactly how one lone, miserly woman, known as the “Witch of Wall Street,” made her fortune.
So today, I want to reveal that woman to you, and share with you exactly how you too can spot those opportunities…