China Growth Stocks

[Stream205]

The "who cares?" phase:



We have all seen this before.

Countless reasons why the stocks we own should be immune to world events or even rise in the face of massive uncertainty, yet they continue to fall.

I can rattle off a raft of reasons why my stocks are long term winners.

Short term however we have reached the "who cares?" phase.

Stocks in general will continue to decline until there is a compelling reason to buy and todays upcoming dip is not one of them. Its not a "buying opportunity"

The best advice I ever got took me years to actually follow.

Dont fight the tape.

Right now few care about anything other than that the dollar figure in their portfolio does revert to December 2008 levels.

Even after the last few months of hammering many of our stocks are still up nicely off the all time lows.

Few investors are willing to see those gains slip through their hands.

Imo, the lows we have seen in many of these stocks could look good in comparison as this sell off picks up steam.

In addition, todays session will have the specter of the recent 1000 point drop hanging over it due to the possibility of a big drop in share prices triggering another one of these events.

I am still holding some of my positions but have also taken steps to protect my gains and mitigate further market drops.

Investors may do what they like but buying the dip in your favorite stock(s) is a losing strategy right now.

This could get much worse quickly as investors all step back at once.