You know I don't base investment decisions on top-down analysis. Yet I have the feeling that the recent volatility around the globe may well turn up some buying opportunities.
Some companies I've had my eye on have fallen in price, making them much more attractive. At least compared to what they were trading for earlier this year.
Let's face it. We've had a nice bull run the past three years. And with inflation fears heating up in the US it's no surprise the markets have pulled back.
I've been looking at companies here in the US as well as in Australia, Canada and the UK. I rarely pick the absolute bottom. So any buying I do in the near future is done with the full knowledge -- even expectation -- that what's cheap could become even cheaper in the near term.
1-yr market performance comparison: