Buy the dip, but you may want to wait for the bottom as I don’t feel like we are there yet.
I agree that no specific news came out today that caused this dip, but I do feel that planned government control is what’s driving this dip. People are scared about what is happening in South Korea and that fear is causing people to pull their money out of the market even at huge losses for some, just to ease their minds. What’s of more concern to me is that this dip isn’t rebounding very quickly like the last major dip did back in early December. This leads me to believe we may be on a gradual decent downward to maybe the $10,000 level or below.
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