QuiCQ 06/03/2024
Pullback Opportunity
"Opportunity is missed by most people because it is dressed in overalls and looks like work."
-- Thomas Edison
As we just got our second and third biggest pullback in the Nasdaq and the S&P 500 respectively, today’s COTD seems like an adequate reminder the markets are not a one-way train. The chart shows the number of 5% or more pullbacks per year for the S&P 500 since the great depression. Hence, as you start to look worryingly at your P&L line over the coming days, think: Opportunity.
