When it comes to trading and the media, I get a little frustrated — as you well know. The headlines on Thursday and Friday morning didn’t alleviate that concern either.
Yesterday, as I pointed out to my Venture Society readers, the world was ending.
I mean just look at that! How could anyone read those headlines and not have their heart stop a little bit? The Dow Jones Industrial Index dropped 350 points?!
And as I told readers Thursday, those fears can be put to rest in a single sentence.
That number — 350 points — seems big, but it is less than 1% of the Dow’s overall value. The index dropped down 37% in 2020 when the COVID-19 downturn kicked in. What about the rest?
And lo and behold, what does CNBC’s front page look like Friday morning?
The day before, when the world was ending, the SPDR S&P 500 ETF Trust (NYSEArca: SPY) was down 1%. On Friday, it’s up 1% and everything is hunky-dory.
So, when it comes to trading and the media, ignore the damned headlines.
They only talk about what’s happening right now. They don’t know — or care — where we’re going.
I’ve already given a rundown of pretty much every indicator you’ll need to watch if you want to see where we’re headed…
And in that Thursday article, I even outlined what to do if the “sell-off” ever did happen.
If the market crashes, then sell growth stocks, buy utilities, gold and U.S. Treasuries.
If the market corrects, then buy the damn dip.
That is something we’ve been preaching to our Fortune Research Pro subscribers for weeks now. Trading and the media don’t often mix well, so in that portfolio we’re long a lot of stocks that the media has nothing to do with — especially the newest pick…
Long story short, when the media tries to make you panic: Stick to your basics. Watch your indicators.
Buy low. Sell high.
And when it comes to trading and the media, ignore the headlines. Pay attention to your money.
All the best,
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