Did the market rallied because investors felt that with the rate hikes it will keep inflatiunder control and thus chances if recession or long term bear market is low? Not sure if I understand the article correctly.
US STOCKS-Wall Street Rallies to Close Higher After Fed Statement
That's why always buy companies who have shown strong profit results for at least 5 years and above. There are many other e-commerce companies worth investing than SEA.
One-Time Richest Singapore Tycoon Has Lost 80% of His Fortune
Based on historical stats, a correction usually last an average of 4 months..hopefully we are nearing the end of the correction soon. Recession possibility seems low.
US STOCKS-Wall Street Closes Sharply Lower on Amazon Slump, Inflation Worries
Hahahaha...all the best to those who just dumped their stocks. The stock market is a device to transfer wealth from the impatient to the patient. The best investors are those who can control their emotions!