Market sold down scarily this week and the meltdown was so fast and furious where I saw many retailers were throwing in the white towel as they quickly shift to re-balance their portfolio to avoid more losses. We must expect that a correction is coming since there was a huge rise from March 2020 to March 2021 where the bulls had a sustainable good run. Like I always advocate that market timing is important because one should know how to enter a position and MUST also know who to take profits at certain tell tale signs when the market is about to fall. It pays wise to be patient. Patient is bitter but it’s fruits is sweet. Opportunities come infrequent and when it rains gold, put out the bucket to collect as much as possible.
