How to React to This Carnage – Buy Dow Chemical
The last 20 minutes has seen the Dow Jones Industrial Average drop 200 points on top of the 250 points that it was already down this morning. I am almost afraid to look at my portfolio, which I was admiring just last night. Unless you are a day trader, you could not have sold fast enough to prevent the carnage that your portfolio is seeing today.
What to do? Stop trading!!. Stop panicking!!. Go for a walk, clear your head and go back to the reasons why you bought the stocks you bought. We are in panic mode and it needs to be turned off. Above all, do not sell here.
On a side note, I am thinking Dow Chemical (DOW) looks attractive here.
– Faisal Laljee
