FYI: Turkey’s currency crisis is creating the preconditions for a good buying opportunity in the U.S. stock market.
That’s because the world’s central banks will almost certainly make sure that there is plenty of liquidity to keep Turkey’s crisis from spreading too far. And, inevitably, much of that liquidity will make its way into the equity markets.
Investors’ knee-jerk panic therefore gives contrarian-oriented investors the opportunity to purchase equities at cheaper prices. If the time to buy is when the blood is running in the streets, to quote the famous phrase from the Baron Rothschild, now could be just such a time.
Regards,
Ted
https://www.marketwatch.com/story/stock-market-investors-should-see-this-turkish-crisis-as-a-buying-opportunity-2018-08-13/print
