Cyclical Stocks Will Confirm The End of Buy The Dip Momentum Mentality
Buy the dip has worked, and worked. Get the feeling the music is about to stop and there wont be enough chairs.
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"There is a time for all things, but I didn't know it. And that is precisely what beats so many men in Wall Street who are very far from being in the main sucker class. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. Not many can always have adequate reasons for buying and selling stocks daily - or sufficient knowledge to make his play an intelligent play." ~ Jesse Livermore
"If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks." ~ John (Jack) Bogle