One of the Nasdaq' big portfolio investor's on television this afternoon.
The soothing advise he gave to the worldwide audience was simple...
"We're long term investors,
we don't worry about short term drops in the market'.
The commentator then asked him what areas he would
"buy" to take advantage of the drop ?
How very interesting..
Nothing whatsoever about the NDX stocks that he owned like Apple , Amazon, and Facebook ,
that are now in BEAR MARKETS, down over 20 % from their all time highs. Nothing whatsoever.
I guess if you were one of those long term investor's,
who liked the NDX at 7700 in October 2018,,
you gotta love now at NDX 6500. in November 2018
Does making it seem that you're oblivious to the massive breakdown
in the technology Fang stock bubble, like in complete and total denial,
excuse you from being WRONG, to the tune of over 20% in these stocks ?
Tell that to those investors who trusted you with their life's savings.
Make sure you spin the exact same fable to them,
when they simply want to know.. .WHY ?
1/20/18 345 PM