Dear readers, you would likely know by now that the US stocks markets declined by a large extent yesterday:
Dow Jones: -2.79%
S&P 500: -3.88%
NASDAQ Composite: -4.68%
I am not surprised at all by the performance of the US stocks markets since I have highlighted many times that this year will be a very volatile year for stocks with the increase in interest rates by the US Federal Reserves.
But the downing of NASDAQ by 4.68% is still quite noteworthy to me.
The performance of the stock markets underscored once again for investors to continue to Save now rather than Invest and catch a “falling knife”.
Save and Save to build a warchest to enter into the stock markets, buying off equities on the cheap when many investors are fleeing.
Save for a rainy day as the economy may be getting even more challenging ahead.