This week is definitely one of the worst weeks of 2021.
ATAIMS joined the group of stocks with the biggest Year-To-Date (YTD) losses within a week. A very unenviable record. Many stocks were hit with double digit downs, due to great fear of the new Covid variant.
Recovery stocks fell.
Glove stocks improved well.
Even my fabled "The Squirrel" slipped further, despite still being perched very high on the tree.
Everyone loves November 11.11 sales. Somehow, many don't view the stock market as having November sales now.
For investors who refuse to see their share prices to drop, albeit temporarily, one should stay away until the coast is clear. (i.e. strong buying momentum technical charts wise or when no more Covid-19 new variant news is out or when economy is fully reopened without restrictions.)
But bargain hunters are rubbing their hands in glee now, collecting more stocks at cheaper prices now, in preparation to be sold when the tide turns & the crowd returns in 2022.
Everyone loves to quote Warren Buffett : "We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful." Buffett was quoted saying the following as well, "Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down."
But, in reality, how many investors can do it?
One may argue, Buffett kept a huge chunk of cash during this pandemic & thus we should follow suit.
But by doing so, Buffett has missed the incredible recovery rally of the US stock markets.
Brace yourselves. Winter is coming.
Don't panic. And wait for the bright, warm spring.
Disclaimer: This article is not tailored financial advice, but mere general stock sharing / observations. Please do further due diligence.
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