There’s no better fuel for a crisis than more crisis.
According to Bloomberg, James W. Paulsen, chief investment strategist at Wells Capital Management, says “crisis mentality” is so widespread that swings in U.S. stocks can be attributed mainly to the level of investor concern.
Crisis of mentality’s byproduct is volatility. According to CNBC, major averages flounder, affected by heavy market volatility due to fears of another global recession.
Some are using the volatility to their advantage, including Louis Basenese, who sees bullish signs in the recent rout.
Day Trading & Swing Trading the Currency Market: Technical and Fundamental Strategies to Profit from Market Moves (Second Edition) by Kathy Lien is a great resource for those who want to profit from volatility. The book retails for $70, but you can get it today for $42 and free U.S. S&H* if you click here.
In addition, you can save 10% and receive free U.S. S&H* with promo code KGBLOG911. This includesall resources that offer strategies for taking advantage of market volatility, such as Paul Forchione’s ACE Program series, Trading Options in Turbulent Markets and The Secret Keys to Smart Investing. For a full list, click here.
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