Listen to my Special Market Podcast for an update on the latest market gyrations.
Dear Sheryl,
Wall Street is still reeling from the shocking Federal Open Market Committee (FOMC) statement on Wednesday afternoon. As a result, we've experienced some wild swings in the stock market with the Dow dropping more than 600 points at one point. The reality is that the baby is getting thrown out with the bathwater. Investors are fleeing good stocks and bad stocks alike. But I never advise following the crowds to the exits. Selling stocks in fast market conditions is a sure-fire way to get hurt. Still, I know it's hard to sit tight in this tough market environment. But, once the dust settles, the stock market will rebound. And good stocks always bounce back. In fact, the Dow is starting to claw its way back from today's lows, and the reason why is simple: There is bargain hunting happening behind the scenes. Actually, "smart money" has been buying under the surface for the past two weeks, which is why we've seen some former flagships start to reassert their leadership. To further discuss today's wild market conditions, I've recorded another Special Market Podcast. You can listen to today's podcast here. If you encounter any technical issues with playing the recording, please contact my customer service team, and they’d be happy to get you squared away. Sincerely, Louis Navellier
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