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Them: "How are you holding up?"
Me: "Pretty well! The weather has been unusually warm in San Francisco. I had some fun walking the dog..."
"No, no, no, ... I mean the stock market crash? How are you holding up?" They say with a sympathetic tone.
Me: "Ummm! You mean the fluctuation of the stock market that is a natural part of investing?"
Them: "But the media and the headlines have been talking about the biggest point-drop in the DOW?"
That's pretty much the gist of every single conversation I have had in the past week. I'm sure many of you have also had similar conversations.
When it comes to market fluctuations, I only have one simple fact to share with you that will help you calm your nerves, and I'm paraphrasing from one of my favorite investors - David Gardner: On average, two years out of three, the stock market tends to rise; one in three years, the stock market declines.
So, my fellow intelligent investors, keep calm and let the market do its thing. And, remember the financial media outlets are in the business of creating hype and panic to drive viewership. What the market has done this past week is just a part of the natural course of the stock market. It should go down so that it can go up.
For this week's featured Stock Card, I'm picking a company that goes well with the declining theme of the past few days:
This week's featured Stock Card:
Other Stocks On Our Radar:
Thanks, Ara Gregorian, Kapil H. and a few other members of our intelligent investors' community for this week's Stock Card requests. Take a look at these Stock Cards by clicking on their logo:
That's it for this edition of Stock Card Weekly! Forwarding it to your friends is as delicious as buying the dip (wink wink)! Do it now!