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“Eight straight down days on the Dow!”… “The worst streak since 2011!”… “The rally is history!”
The hysteria over the failure of the Trump-Ryan healthcare reform bill last Friday sent the media into panic overdrive. Surely the failure of the Republican leadership to gin up support for the quickly thrown-together legislation meant the end of the post-election rally…
The chatter last week was so alarming that it seemed like each talking head was scrambling to beat every other talking head in the Doomsayers’ Stakes. They made it seem like financial Armageddon was just around the corner.
But of course the drop didn’t really add up to much – just 1.7%. Hardly a drop of apocalyptic proportions.
Like I’ve been saying in my new 10-Minute Millionaire service, much more importantly, that drop gave us a nice leisurely weeklong-and-change buying opportunity for otherwise perfectly strong stocks.
That’s the key to making big money in a market that’s blazing through a “streak of streaks.”
So let’s look at where we’re headed next…
Tags: trading strategies
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The post That 8-Day Losing Streak Isn’t the Streak that Matters appeared first on Money Morning – We Make Investing Profitable.