Market slide continues

The market slide continued on Thursday. The Dow and S&P both slid a little over one percent, and the Nasdaq dropped over two percent. Is this sign of an extended bearish run to come? The market could be setting up for a bit of a reset. You've heard about Markay's interview with Rob Booker all week. It's a fantastic discussion of Markay's story, the common mistakes most traders take, and what it really takes to reach your goals. This'll be your last chance to catch it for a while, so watch it now. GM Fully In on EV Are electric vehicles the future? Hard to say. But General Motors certainly thinks that they are. The American automaker is fully invested in the EV movement, and they're stretching their influence there as much as possible. We've got the details here Warren Buffett says "never invest in a company you cannot understand." This is rock-solid advice. Even though Warren and I don't see eye-to-eye on everything, the man is still a legend. So we should probably listen to what he says. And this is brilliant. Now, I don't think Warren is saying you need to be an expert in every part of a business. I mean he probably doesn't know exactly how to carbonate the water in Coca-Cola, or why it tastes so much better in Mexico (it's the sugar!) But here's what I think he is saying: Don't trade companies that don't make sense to you. Tesla makes really cool cars. And they're meeting a need that serves the planet. It's pretty obvious why they're a very cool company to invest in. But ThrillFax Corp. Inc., which makes widgets for truncated titanium alloy carburetor caplets, I can't tell you what they do. Their CEO can't tell you what they do! (Partly because I made them up and he doesn't exist. But only partly.) The point is, if you don't have a basic understanding of what the company is and why they meet a need, then chances are A) you shouldn't be investing in them and B) they might not be a good company to invest in in the first place. So maybe Warren Buffett DOES know a thing or two! Happy Thursday. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. You may lose more than you invest. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. The information on this website is intended as educational in nature and we do not recommend that you buy or sell any specific financial instrument. Daily Profit Publishing , 1800 Hughes Landing Blvd. Ste. 200, The Woodlands, TX 77380, United States Update your subscription — Unsubscribe