Mid-term election volatility: panic or buy the dip?

Global markets took another drastic tumble today.

From my vantage point, the fundamentals remain sound and I believe this is likely just pre-election volatility combined with trade war hysteria.  Had you sold at this point in the cycle two years ago during the election uncertainty, it would have been a losing position.  (see chart)

Speaking of elections, I just uploaded an eerie parallel between the Trump stock market and Bill Clinton’s first two years.  It’s a little more than one minute, check it out:   https://youtu.be/9LZNtW_4Xd4

So…should you panic or buy this dip?  You’ll have to make that decision for yourself.  For me, I remain long this market and tomorrow will be releasing a podcast where I discuss 5 reasons to stay the course.

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The Robots are Coming: A Human’s Survival Guide to Profiting in the Age of Automation  available at AMAZON and all fine bookstores.

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