Nice summary of your thoughts Mr Beagle. Thanks. Of course the PE could also retrace with improving earnings rather than the share price dropping. And that would be quite nice if one is lucky enough to own stocks in this category.
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For what its worth I am down 0.43% on the day. Not as bad is I thought it would be
I'm really disappointed that stocks didn't go lower today. I was wanting to get some bargains. Maybe tomorrow.
After this volatility and sell-off attractive strong balance sheet firms, Low labour cost stocks and undervalued defensive stocks could do well. Current sell-off is mainly limited to expanded P/E markets over 20. Some less known markets throughout the world are holding well may be due to attractive valuation. As I expected even NZ market didn’t dive like other markets.
https://hacked.com/market-update-black-monday-2018/
How else are they meant to make their money? create a sell off, buy in at 10% discount and count the cash a couple days later.... poor ol humans freaking out lose the plot and pressure sell. I have a lot of money invested outside market but what little I have left was .2% down today.... bigger swings on non 'crash' days