Who's that pokem.... ohh .... it's omi....?
- limfangjing
- Dec 7, 2021
- 1 min read
Updated: Dec 7, 2021
Yes ! It's Omicron! 🤦♂️
Who would have expected Omicron Variant would surface and disrupt the rally all-time high of S&P 500 ( SPX ), I would have expected for the market to rally till the end of the year.
"This only shows that it is impossible to forecast short-term price movements with certainty."
Currently, S&P is down 5% from its peak high and this correction is just one of the many corrections we had this year.
And I know it might seem to be very daunting but if we take a step back and look at it from a broader perspective. As of 4th January 2021, it was worth only $3,662 per share at the start of the year but it's worth $4,575 today at the time of writing.
This also means, despite having multiple corrections this year, SPX was still up around 20% year to date.
We will never know how the market will respond to tomorrow's news and Omicron was a very good example so here's what I would suggest...
As simple as it may sound, here's my sizzling tip:
Accumulate only undervalued companies
Do not chase and avoid overvalued companies
Rationalize your thoughts before buying or selling an investment
#JustInCase: The above information is provided for general information only and does not constitute financial advice. While we have taken care to check the source of the information, we cannot guarantee that the information is accurate, complete, or will suit your individual financial needs. Please refer to the original source for more details.
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