Is it a coincidence that the markets rallied like crazy at the year-half mark? Is it exactly the same thing as last year? Yup.
Everyone is hung up on “trading price”. If you are a degenerate gambler, then good for you. You literally can’t trade enough in this environment. Keep those trades coming as we swing 50 SPX points every week and watch your capital being eaten away.
Or be an individual investor, content to buy index funds every month with your 401k contributions, not knowing and not caring much what you buy.
Or you can simply follow the tried and true path of just buying the dip. Every time the markets look weak, just buy the dip on the inevitable rumor of more free money. Of course you know why free money is so important to markets, right?
This year is just like last year, down to the day. Just do a chart overlay and you’ll have the future.
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So, buy the dip?
Buy the big August dip. Not July