Week after week, the stock market is all over the chart. Americans who are only familiar with getting rich in the short term have lost their minds and sold off tons of stock thinking they'll avert a personal financial disaster. I say, keep selling fools. Your panic is causing stocks to drop to lows I've not seen in years, and while you're screaming SELL SELL SELL, I'm burning up the keyboard buying shares for half what they traded for this time last year. Color me Kennedy, cashing in during a crisis, but I prefer to be able to afford to dine on the better quality cat food in my old age, vs that mouse in a can crap, and the way my portfolio is swelling it's looking like Fancy Feast may be on the menu.
I'm holding out buying on one particular energy company, hoping it will drop just a *little* bit lower than it's current $11 a share. It was at $44 before all this panic at the disco ensued, so I suppose I should not be greedy and just snatch it up now. The Asian markets are taking a tumble as well, so I've quadrupled my stock in a Hong Kong based semiconductor manufacturer for what my original handful of stocks cost me back in the spring. I was going to buy into Game Stop, after their stocks dropped from $44 to $21 but I waited too long and they rebounded to $32. I bet they'll drop again though, and that stock should be trading around $66, so it's well worth the price.
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