Almost 5-10% drop last week might lead to a bounce back

Eric Seto

Jun 7 • General discussion

Last week, I told you that the market drops when there's no one left to buy (e.g. retail going in)

This week, it happened that the market corrected by 5% ish (or 10% for certain stocks and indexes)

Usually, such a drastic drop would lead to a bounce back the following week

So it is important that an investor stay calm

Sometimes a drastic drop in the market is not the best time to exit.

Cheers,

Eric

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Eric Seto

Chartered Professional Accountant (CPA)

Chartered Investment Manager (CIM)

Founder of 5MinInvesting.com

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Almost 5-10% drop last week might lead to a bounce back