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"The key to making money in stocks is not getting scared out of them..." Peter Lynch
October 26th, 2018 5:41 PM
"The key to making money in stocks is not getting scared out of them..." Peter Lynch 

Folks didn't receive that memo this past week as the threat of rising rates and some not-so-rosy outlooks from firms like Amazon definitely frightened investors, who fled from Stocks. 

All three major Stock indices - the Dow Jones, S&P 500 and Nasdaq sold off hard this week and are now flat-to-negative for the year. 

Even a better than expected 3rd Quarter GDP reading of 3.5% along with a stellar consumer spending reading on Friday could not help Stocks avoid a selloff at the open. 

The Bond market welcomed some of the money from the Stock selloff, thus helping home loan rates improve slightly. 

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Posted by Eric Fang on October 26th, 2018 5:41 PMPost a Comment

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