+2.42%, +2.73%, +2.51%. This is the growth of Dow Jones, NASDAQ & S&P 500, respectively. Markets are happy to see that China want to do its best to solve the problem of the manufacturing economy, erasing all Friday losses like if it never happened. It seems the vociferation of the China government is working and is exactly what markets expected. This also put Federal Reserve in a more favorable posture to bring up interests instead of waiting. However, I don't think the Federal Reverse is only looking at short term market spikes that they're doing everyday, but also at the whole market health. Anyway, how do you feel Wall Street today, given these data?
I don't really worry about what Wall St. does from day to day. I try to keep a long term perspective in my investing horizon, and if the market does dip I like to use some dry powder to pick up some bargains. I am still studying options before I begin to use them to help build wealth and reduce risk. It really seems like a win win to sell puts on stocks you want to own anyway. Any advice would be appreciated.
