Quick! Stop looking! It’s gonna be a red, bloody red day I believe. Anything new? No, not really. Just ratings agency’s spreading doom and gloom, lowering ratings on banks and of course, trying to shake investors out.
Aren’t we past this story? It feels like it’s been a tug of war, and it’s not even with the Fed’s right now. It’s with the ratings agency, that are months late in their assessments. It feels like they are shorting the market, not wanting us to take it higher and higher. Maybe they want yields on bonds to keep on increasing. Whatever it is, it just seems like a silly time to start downgrades now.
Lets put the Bull Market on hold for now, step away from our brokerage accounts, and only come back to pickup shares that have slipped. Lets have courage to know that the companies we own are not going anywhere and will make their way through these interesting times.
I don’t know of any Stock Market sayings for the month of August, but maybe financial big wigs don’t like it. I like it, it’s bitter sweet as the summer fades away into cooler temps. I’ll say it, lets schedule that Bull Market for Fall, 2023. Lets take the S&P 500, DOW Jones, and Nasdaq to new heights!
You know what I am going to say, but I will say it any way. Do not sell unless you absolutely need the money. This is just another buying opportunity that has come our way. You might be exhausted with these buying opportunities, but once all of this hoopla calms down with the inflation and interest rates, as well as these downgrades, you will be better suited for the future.
Don’t trust me, trust the data that states, the Stock Market will make a comeback, and it may be even better than our salivating minds may think!
How are you doing today?
Thrifty Investing 
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