An interesting view on the "market" in SHANGHAI...... That market was up 100% between last November and last month (JULY)... and everyone is freaking out because it's now DOWN 36%. If you were an investor last October or November or December (you know - as it was rising). You're still way ahead.
This IS what happens when a market runs too far - too quickly. Up 100% in a few months is not normal in anything - anywhere. The fact that some air is coming out is a total "well duh".
You can't compare the US markets with that kind of a run. Our market is based - key word here - based - on EARNINGS. All the lumps and bumps along the way are reactionary moves more based on emotion vs fact. Look at YOUR holdings and make sure their earnings are sound and their revenues are going the right way. That's why you want to own the very best companies.
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Brian Hobaugh SCCA National Tour June 2014
First Hemi 'Cuda Convertible Ever Built
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