Those that bought and held the S&P 500 over the last 2 months are now largely underwater...and it's almost 3 months for the Dow. That encompasses a lot of people that jumped in, in excitement, in what they felt was a "guaranteed" up move and are now getting bit in the butt.

Comments
No. 1-1
Scott
Scott

Good morning Sean. OGZPY gapped up this morning and sold for me. Finally out of the position at $5.55. Thanks!

3 replies

Sean Hyman
Sean Hyman

Editor

Awesome. That's an amazing 14% gap up today. ha-ha.

Scott
Scott

Yes! I just freed up $12000 for your new recommended stocks. I just wish the bear market corrections would get here soon!

Sean Hyman
Sean Hyman

Editor

Awesome! We could already be in it with the drop from 2954 to around 2800ish. With that steady drop, it wouldn't be odd for their to be some recoils along the way.