Back at the end of August with the $SPY at $162 and everyone telling you to sell, I said that the pullback in the market was a great buying opportunity. We went on to hit new all time highs a few weeks later.
Syria was supposed to crash the market. Do I need to go over all the other reasons to sell that we've seen since 2009? EVERY DIP has been a tremendous buying opportunity.
Does the chart below look like one that is ready to crash?
I've wrote about that as well: https://www.optionmillionaires.com/2013/stock-market-ready-crash/
Just type stock market crash into your favorite search engine. At least once a week we get a new call for a market crash. And that's on top of the same sorry souls who have been calling for one since 2009 and earlier.
We have the New Yorker begging for a market crash: http://www.newyorker.com/online/blogs/johncassidy/2013/10/why-america-could-use-a-stock-market-crash.html
The government shutdown was unexpected. I am surprised stocks remain at these levels, they should be much lower. Without central bank manipulation they should be even lower. But guess what? Central Bank manipulation is going no where, they will print forever, which means stocks are not going to crash... at least not now, and the "government shutdown" will become just another great buy the dip opportunity for stocks.