October 16, 2014 Comments

On Thursday, the markets again had people guessing where they will head next. Markets opened down quite noticeably but in the end the S&P 500 was about unchanged and Toronto was up 1.3%.

Some of the earnings reports coming out were strong and that helped markets.

I had thought about entering bids on several stocks that I like say 5% below current prices. That might be a good way to buy on the steep dips that have been occurring. For those committed to buying on dips a strategy like that can make sense. But it’s not a strategy that everyone would like because it can you man you buy at 5% down on a day when the stock ends down 10% or more.