US market fell in overnight trade and as expected, I started to received whatsapp and sms asking me what will happen to our market now? Also, a few readers told me they are expecting the market to tank in October and they want to be the vulture to pick up the battered stocks.
This is what I replied to the readers and I really wish to highlight that I see nothing of the sort of disaster that is coming our way. I define the fall in US market as normal profit taking and it very perfectly normal. Oh ya, for the readers who expect something bad to happen in October, I have this for you, "OCTOBER: This is one of the peculiarly dangerous months to speculate in stocks in. The other are July, January, September, April, November, May, March, June, December, August, and February. Mark Twain"
I got a few ......