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Episode 167: Today the S&P500 closed near support at 1850, which is my delineation between the likelihood of a Correction or a full blown Bear market.
(see: http://www.investablewealth.com/correction-or-bear/ )
We’ll have to wait and see how this works itself out. Now is not the time to panic, a prudent investor would have already taken precautions. In this episode I draw the analogy of checking the flashlight batteries before the lights go out.
It’s also important to remember that there is nothing new effecting this market. As a refresher, listen to the below previous episodes to understand what’s causing this correction and ways to deal with it:
12/1/14 #50- Reality of the strength of the US Dollar
6/6/15 #116- Oil small fluctuation in supply (part 1)
6/8/15 #117- Oil small fluctuation in supply (part 2)
7/12/15 #124- China’s 3 strikes
9/2/15 #133- What are you learning from this market correction?
9/13/15 #138- Build watch list during market correction
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Hosted by John Pugliano. The Wealthsteading Podcast provides stock market commentary and investment insight based on 10 simple wealth building principles.
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