Market crash?

What's going on and what I am doing now.

Nobody knows what is happening in the next few days and weeks.

Where do I stand? On the side of optimistic rationality.

I waited for this correction for a few months and it never materialized.

Then I decided to add to my POTS (portfolios) some names... and after a week... the correction materialized!

I do need to train my patience more.

The Nasdaq today is at about -7% below its peak on September 6th.

I was expecting a 5% correction. More than that I believe is a great buying opportunity.

Yes, I believe this is a good time to add to my POTS.

Is the correction over? Nobody knows.

I am investing for the very long term and as long as the trend is UP and credit is available to businesses with ease there is no reason to change my long-term strategy.

See how much businesses are concerned with credit right now:

Source: www.yardeni.com

Credit conditions are healthy, money supply abundant.

And, last but not least, the market needed this correction to get back to more realistic valuations.

As David Gardner (@DavidGFool) says: "Stocks always go down faster than they go up, but they always go up more than they go down."

It's crazy to see my portfolio wipe out months of steady growth in a matter of days.

From my 10X FREE CAPITAL POT I find right now $SNAP and $SWAV very interesting names at these prices.

Let's stay patient.

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Important: this is not investment advice. Consult a licensed financial advisor before making any investment decision.