D day for markets

Yesterday was the bad day for the market, no two ways about that and honestly I didn’t expect that kind of fall yesterday. As we were discussing I thought maybe we will get away with some minor cuts and that will be used to buy, but that is market for you, right? The market keeps taking out weak hands periodically.

What is important is that is the texture of the market intact and I think that is the case. My sense is that at some point today the market should bounce back maybe in the second half, so this is still the market in which you buy the dips.

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