- Securities can go down as well as up.
- Over-owned and hyped securities will be pummeled more.
- The world in which we live is heavily indexed – when risk is “off” its hard to hide if you own a stock in an index.
- The Middle East is a new unknown. Likely nothing good.
- The election – during and after – is a known unknown. And creates obvious uncertainty. Not good if you own something expensive.
- You don’t get to whine if you own a 4 year, 8 bagger in tech and then get marked down 20% in a week.
- The economy is a legit problem. Valuations “generally” don’t account for it.
- A properly identified cyclical problem is buyable.
- Umm…lower prices and values are better for the buyer. Go forth.
- Have a nice weekend.
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