Though it may be holding some truth in what Jeremy had mentioned about the ‘uglier’ crashed earlier on but investment is all about risk management and one’s portfolio management. So personally I believe the time in the market is better than timing the market 😉
A healthy correction is way overdued and I foresee the selling pressure will be on-going for the entire week, at least until the fed meeting by end of this week. Hence, I’ve reverted my portfolio to risk-off mode this week.
It’s possible for apple stock to have a price correction at around 15-20% but at a 40% price correction on current share price is way over the top. I could be a doubting Thomas but wait, apple stock at $90? Possibly that happened during the market crash 🙈