Saturday, February 01, 2020

Dow Jones - Sink 603 Points

When the DJII keep going up and up, I was wondering what can cause it to come down this time.

Then came the US-IRAN tensions but market was down a few days and then continue its uptrend.

Wow I thought, seem like uptrend still continue as there won't be any major event in 2020 that can pull the market down.

Suddenly, the coronavirus infection came and the uptrend was broken, at least temporary for now.

Seem like the universe will keep things in check.


Look at the Fear and Greed index now against 1 week and 1 month ago.  From Extreme Greed, it had turn to Fear.

Now, back to the famous Warren Buffett quote, "Be Greedy when others are Fearful, Be Fearful when others are Greedy."  A legend is a legend, his wisdom never fails to work.

What will I do now?

For me, of course will follow what the legend says, look for fundamental strong companies and invest batch by batch at support level.


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