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Afternoon Note

Fear Can Be Healthy

By Charles Payne, CEO & Principal Analyst
10/6/2021 1:15 PM

Fear can be a healthy thing, and there are even times when panicking is appropriate. Right now, we have a healthy dose of the former but little of the latter. Still, the media narrative is fanning the flames out panic, but investors are too smart for that.  

Its true buyers are on strike, and biding their time, which makes sense considering the issues will be resolved one way or the other shortly.  According to the fear and greed index, investors have a healthy amount of fear respecting the unknown.  

But there is one known everyone has in the forefront of their mind- buying the dip has been a better bet than even Tom Brady. 

There has been spotty buying in tech - particularly chips and software, which belies nonstop commentary about tech being down because bond yields are higher. Bond yields are not really that high and have been consolidating the last two weeks. 

The big problem has been the sloppiness into the closing bell - that has to be reversed before I can get super aggressive, but do not let the media talk you into making  a big mistake here.


Fear, Panic? Who are these "lightweights"? What are they going to do in a bad bear market? Oh yeah, I forgot, they'll sell into it! Now is the time to go over your watch list, take a look at the charts, pick a really good support price and enter a good till cancelled, do not reduce order. Then, sit back and wait. Sometimes, you'll get a fill and sometimes you don't. If you get filled? Great. If you don't....there's a million fish in the sea. Don't cry over spilled milk. Move on. I've learned the hard way to take the emotion out of the buy/sell decision. Maybe this will help others avoid some of the pain I've endured over the years. Good Luck! Just kidding....Luck has nothing to do with it!

Charles Haselberger on 10/6/2021 1:40:41 PM
Soon may be opportunities to "accommodate the market" and help take positions from those who are selling in fear. Staying tuned!

Norm McMullen on 10/6/2021 6:15:27 PM
You can smell it in the air - and those algorithms are the best because they will dump low and buy high as they follow trends and react to headlines. CP

Charles Payne on 10/6/2021 8:11:09 PM
It's just another day! Stay strong!

Lorin K on 10/6/2021 8:20:22 PM

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