Switzer on Saturday

What me worried? This looks like a correction not a crash!

Founder and Publisher of the Switzer Super Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
24,688.31
-296.24
-1.19%
-2.97%
S&P 500
2,658.69
-46.88
-1.73%
-3.94%
NASDAQ
7,167.27
-151.12
-2.07%
-3.78%
ASX 200
5,665.20
1.10
0.02%
-4.62%
Data for week commencing 22 October 2018

I’d like to confidently do an Alfred E. Neuman of MAD magazine and look at this market correction and say: “What, me worried?” However, if I did, I’d be lying!

That said, on balance, I’m seeing this as a correction, not a crash and I will be a buyer some time next week, or maybe after the mid-term elections.

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