If you’re concerned about the Black Friday stock market selloff, then take a deep breath and consider the following:
For the past 21 months, the Media has vacillated between two mutually exclusive narratives-
- COVID would squelch demand and thus crash the stock market.
- Inflation would cause the FED to raise interest rates, which would squelch demand and thus crash the stock market.
Neither narrative has proven true, as the stock market climbs to a new record high following each fear induced dip.
I believe the same will prove true of Friday’s Omicron panic attack. This is likely a great entry point, especially for ReOpening type stocks that got crush.
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