Morning Report Thursday 17 April 2014
Happy Easter to all our subscribers and their families.
With Russia and the Ukraine falling back in the press, American equities started to bounce, then we got some good company and economic data and suddenly after a week of ongoing negativity, the Dow is up 2.5%! The beleaguered NASDAQ is also up 2.5% and today will hopefully push the lacklustre ASX200 up for some decent weekly gains into Easter. The recent NASDAQ capitulation (8.7%) is a great example of wanting to be a buyer when everybody else is selling / panicking. However, the most important discipline when buying a market falling aggressively is to have a plan to buy the quality stocks being dragged down by the majority. This recent “value correction” I believe is a warning shot of things to come in months ahead but $$ can still be made from it in the correct area.
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