"I was gonna pay my car and note until the market got high
I wasn't gonna gamble on the boat but then the market got high
Now the tow truck is pullin' away and I know why I messed up my entire life because the market got high I lost my kids and wife because the market
Got high
Now I'm sleepin' on the side walk and I know why 'Cause the market got high
Because the market got high
Because the market got high" – Aftroman
Junauary has, indeeed, been a manic month.
As noted above though – it's not the market corrections that kill your portfolio – if you had gone away in the crash of 1930 and kept your shares of GE, GM, XOM and X for the next 92 years – you'd be about as rich as Buffett's original investors are now. While not every company survived the Great Depression, there are always solid trends you can spot and picking large-cap Blue Chip stocks is a very good thing to do when the chips are down.
That's what I've been stressing to our Members this month and we've added VIAC, MRNA, CRSP and YETI to our Top Trade Ideas in January, taking full advantage of the market sell off. More importantly, we're not panicking out of our longs because we are ALWAYS prepared for a sell-off and, in this case, we were perfectly prepared into the end of 2021:
12/22 - Will We Hold It Wednesday – Russell 2,200 Edition (again)
After shooting up to it…
You must login to see all of Phil's posts. To read the rest of this article now, along with Phil's live intra-day comments, live trading ideas, Phil's market calls, additional member comments, and other members-only features - Subscribe to Phil's Stock World by clicking here.
To signup for a free trial membership, click here.
Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!
