A diary of the thought process behind my investment decisions
It is extremely rare for a market to go down for 13 trading days without a real bounce as this one has done. Last year we went down for 13 days without much of a bounce, which culminated in a huge plunge after the US was downgrade by S&P. Previously this was an extremely rare occurrence. Stuffing $18 billion worth of Facebook shares into a very weak market did not help matters. This decline continuing much longer would have very few precedents. Have a great weekend.