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Jan
23
Buying Opportunity
Filed Under economy, stock market
What goes up must come down.
And, when it does, it is a buying opportunity.
Writes Heather Timmons in the New York Times:
In Hong Kong, the Hang Seng index led the region, soaring 10.72 percent to close at 24,090.17, wiping out an 8.7 percent loss Tuesday. The Shanghai composite index ended up 4.65 percent. The Japanese Nikkei average closed 2 percent higher, while the Topix index was up 2.5 percent. The Australian S&P/ASX 200 index finished with a 4.4 percent gain, down from an initial 7 percent jump but breaking a 12-day losing streak. The Indian Sensex, one of the biggest losers in the past two days, was up 3.56 percent in midday trading.
Instead of running scared about market volatility, just think of it as a nice big sale.
And, if the past is any guide, the market will recover and rise above today’s levels.
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