I wrote my post yesterday, talking about bull runs, green days, and having the courage to hold (hodl) during down market days, weeks, or longer. Well, low and behold, when I posted, it turned to a red day, then the next day, Wednesday the 2nd, and are down again.
A big thing to remember is that when there is a significantly green day and the market has made great strides, the next day might be a take profit day. When you’ve been waiting so long for those stocks to turn green, give you a good yield, some people trim their positions or sell out of their positions, causing a sell or red day.
Nothing to worry about, we are still sitting pretty high. Even with Fitch downgrading US Debt and the typical doom and gloom of the media, most big banks are stating a reversal in previous thought, maybe we won’t have that recession after all. Maybe the Fitch downgrade is just small road bump on the way to a successful 2023.
Earnings Season is still upon us and if the numbers keep telling a good story, than the downgrade shouldn’t hold us down for too long. Remember, if you have done your due diligence, and you bought good companies, these will be small road blocks.
How are you feeling today? Feel like this is just a bumpy start to August and we will see some green to turn it all around? Or are you thinking that August in general will be down? let us know in the comments below!
Thrifty Investing 
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