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ERIXF - How A Plan Can Help To Manage Through Uncertainty
Ericsson Tel B
It's time for a plan
While reading through articles on Seeking Alpha, I encounter two parties, the "rare opportunity" party and the "this is just the beginning of the melt-down" party. Both sides have their valid points, and I will summarize them briefly.
From the recent high in the Dow Jones (DJI) of 29,568 to the recent low of 19,094, the Dow Jones lost approximately 35% of its value. 30% is the threshold that the "rare opportunity" party is using (based on historical data of previous melt-downs) to assess that the market nearly bottomed out