Another bloodbath on Wall Street tonight as Dow futures point to another 1,000 point drop. With this, I think we can kiss goodbye to exuberance and IMO high flying stocks and once punter darlings have a lot of retracement to do , so while to some, a fall may present as a buying opportunity, need to exercise caution not to buy into falling knives. Where the dust settles is hard to predict but I suspect stocks with less tangible fundamentals (minimal revenues with a 'compelling' story) would face challenging times ahead. This Wall Street phenomenon is still lightly taken with most saying it will blow away, but even it did, the conducive environment we had from Sept 17- Jan 18 in my mind is not returning, so prior assumptions should be reconsidered in the light of this new development. Take care!
