Markets opened weaker this morning on the back of weak overseas markets, higher than expected PPI and worse than expected earnings from several tech bellwethers last night. But fear not, the “buy the dip” mentality is alive and well. This morning’s 10:30 rally got an early start as equity investors have poured into the market’s latest brief dip as anything and everything is a buying opportunity. The Fed’s cattle prod is working overtime.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.