{"id":416,"date":"2010-05-06T18:03:00","date_gmt":"2010-05-06T22:03:00","guid":{"rendered":"http:\/\/www.intuitiveinvestor.com\/web\/?p=416"},"modified":"2018-08-19T10:10:33","modified_gmt":"2018-08-19T14:10:33","slug":"wow-on-the-dow","status":"publish","type":"post","link":"https:\/\/jasonapollovoss.com\/web\/2010\/05\/06\/wow-on-the-dow\/","title":{"rendered":"Wow on the Dow"},"content":{"rendered":"<p><span style=\"font-size: 16px;\">The news today is sure to be replete with stories of the almost 1,000 point drop in the Dow Jones Industrial Averages.\u00a0 That is pretty close to a 10% drop.\u00a0 Ostensibly the stock markets value the worth of U.S. businesses.\u00a0 Can anyone out there reading this honestly say that the value of almost all U.S. businesses today changed by 10% in the negative direction?\u00a0 No.\u00a0 Were stocks 10% overvalued, thus warranting a big time &#8220;correction&#8221; in values?\u00a0 No.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">In my opinion, the recent selloff in stocks is an excellent opportunity to pick up shares of U.S. businesses very inexpensively.\u00a0 Right now I have not been so confident in the fundamentals of the U.S. economy &#8211; the bedrock on which all investing returns rest &#8211; since probably 2003-2004.\u00a0 U.S. businesses are operating with no fat.\u00a0 Debt levels in the economy have stabilized and declined.\u00a0 Inflation is tame.\u00a0 Consumers are spending, but more importantly, saving, too!\u00a0 Employment is slowly improving.\u00a0 And so forth.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Fortunately, I have about 1\/7th of my portfolio in cash and am going to be a buyer of U.S. equities tomorrow.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Be well!<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Jason<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The news today is sure to be replete with stories of the almost 1,000 point drop in the Dow Jones Industrial Averages.\u00a0 That is pretty close to a 10% drop.\u00a0 Ostensibly the stock markets value the worth of U.S. businesses.\u00a0 Can anyone out there reading this honestly say that the value of almost all U.S. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[12,3],"tags":[],"class_list":["post-416","post","type-post","status-publish","format-standard","hentry","category-best-of-the-blog","category-the-blog"],"_links":{"self":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/comments?post=416"}],"version-history":[{"count":0,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/416\/revisions"}],"wp:attachment":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/media?parent=416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/categories?post=416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/tags?post=416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}