February 6, 2018
by Rob Zdravevski
My quick take on the market action and decline over the past few days is;
- it’s a Knee-Jerk reaction
- it’s a classic “shake-down” on the newcomers to the market
- Does not signal a reversal in price trends
- it’s a reversion to the mean for many stocks
- Some stocks have moved 3 standard deviations below their “rolling” mean
- that some stocks are also oversold
- that I plan to add to some positions
- and Aussie Banks and BHP are not amongst the cheap ones yet.
“Keep your head, while are other losing theirs”