So the stock market just crashed, and I had a field day buying everything on sale. I've learned that any time something drops drastically due to a press release, policy announcement, change in bond yields, or anything else where the effects are purely speculative in nature, usually it's just the market getting spooked and it'll bounce back over the next few days.

I mean, come on, we all knew this was going to happen. We all knew the Fed was going to start tapering and raising interest rates sometime in December or January. And yet people were pouring their money into Big Tech stocks and other fair weather assets up until the very end. In fact just yesterday some economic authority said that we were at the beginning of a new economic boom and everyone needed to put their money into growth stocks to take advantage of it. Why change your tune so quickly?

Oh well, I didn't fall for yesterday's rosy predictions, nor will I fall for today's bleak predictions. I'm gonna continue exploiting day-to-day market fluctuations, as opposed to reacting to them, and that's going to make me rich in the end. 😜

Just wondering oil seemed to go up a bit or stay same. Is that relavant at all to all this and buying shares?
I guess any comment or thought welcome

It's probably just random price fluctuation. Anomalies like that happen all the time. Notice that gold didn't change that much either. The crash mostly affected stock prices and probably crypto prices too, since crypto basically follows the stock market. Other assets don't seem to have been affected that much.

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