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This week, over the span of just 24 hours, we saw a rate cut--driven market rally of nearly 1,170 points plummet down 900 points.
The market moved back and forth a total of 3,253 points in just the first three days of the week. Treasury yields sank to record lows as these wild swings continue.
And you better hang on to your hats because this market whipsawing isn't going anywhere anytime soon.
Now, if you were following along last week, I told you to make sure you keep those trailing stops nice and tight. I do realize that some of you are all stopped out and wondering, "What's next?"
While I believe that most stocks are a bit too risky and volatile to buy right now, I am getting my wish list ready. It's growing by the minute.
About the Author
Keith is a seasoned market analyst and professional trader with more than 37 years of global experience. He is one of very few experts to correctly see both the dot.bomb crisis and the ongoing financial crisis coming ahead of time - and one of even fewer to help millions of investors around the world successfully navigate them both. Forbes hailed him as a "Market Visionary." He is a regular on FOX Business News and Yahoo! Finance, and his observations have been featured in Bloomberg, The Wall Street Journal, WIRED, and MarketWatch. Keith previously led The Money Map Report, Money Map's flagship newsletter, as Chief Investment Strategist, from 20007 to 2020. Keith holds a BS in management and finance from Skidmore College and an MS in international finance (with a focus on Japanese business science) from Chaminade University. He regularly travels the world in search of investment opportunities others don't yet see or understand.