When They Go That Way, I Go This Way

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The markets have been tumbling, and it looks like today they will tumble further. It's a panicked frenzy of selling based on investor sentiment that a recession may be coming, that the Fed may have made a mistake by keeping rates where they were, and of course, there was that really bad jobs report on top of a lackluster spread of a multitude of earnings reports. How long will the selloff last and will it turn into a correction? No one can ever make such predictions of course. But what I can say is that it doesn't matter in the grander scheme of things. When they go that way, I go this way. In other words, what I look for are bargains in solid companies I am following or am already invested in. Everything is on sale and taking advantage of those bargains is why I always keep enough cash on hand on the sidelines so I can pounce when the opportunity strikes. The last thing one wants to do is be left holding the bag when the markets decide to take a dip after a hot run. While many investors are cashing out and heading for the hills, I'm going right into the fire and buying, gladly scooping up shares they don't want. Because if I have said it once, I have said it a million times. The markets always come back, and they come back higher than where they left off before things went to hell. The markets have only one ultimate direction. Up. And I will repeat that over and over and over again.