 There you see it Wall Street up 320 points after a whipsaw week on Wall Street stocks are ending up The Dow Jones closing the day up around as I mentioned 320 points. You see it there Hi everyone, I'm reena nine and today's up and down comes a day after the market entered its first correction in two years Or 10% drop from a recent high just two weeks ago the three major indexes had reached records Melissa Armo of this of stocks whoosh joins me now. Thank you very much for coming on So there was so much concern. I mean shouldn't people be concerned. What do you make of this stretch this past week? I really think that there was a lot of panic for no reason because we had been running up power Trending for 14 and a half months, which was very unusual the market actually never did that We've been in a bullish up trend for quite some time But we never made as many records as we did in the last year in 2017 and even to start off January 2018 So the fact that we fell for five six days It's no reason to get nuts. The thing is that it happens so quickly and because of that people went into panic mode Yeah, and I said, oh my gosh, we're doing a correction Melissa if you don't have skin the game, let's say you're not at all invested in the stock market What do these highs and lows mean for you? Really it just means that are we holding the uptrend or are we bearish should you sell stocks if you're in it Or if you're not in it should you buy and when is the time to buy? So for people who are invested long-term in 401ks, they're doing fine If you were in the market in your 401k back when Trump was elected in November 2016 You're up even with the drop-off a little bit in the last couple of days. You're still up So again, don't panic when you're up panic when you're down So there's no reason to panic if you're not in it at all wait You may have some opportunity you may be able to actually buy you not yet Wait until the selling has stopped wait until the market gaps up wait until you actually start to see some buying Come in from institutions again, which which is not yet this week So that's your advice if when it dips when do you buy people always ask that you don't buy in the dip you wait to the dip He stops. How do you know that though? That's a thing people feel like they never know when it's gonna bottom out Well, if you look at every day this week, we either sold off or we gapped down and open lower Wait till we stop shaking around like that There's been way too much volatility this week to go in and say I want to risk the farm in this It's too crazy. There's people selling. There's people buying you had a big bar of buying on Tuesday And those people it broke through the low so they lost It was way too soon to get in wait wait a couple days wait a couple weeks wait maybe a couple months I mean, I still think that 2018 you're not even gonna see the Implementation with the tax reform just started you're gonna see good earnings with companies strong companies and the market's gonna see More big moves later in the year going into 2019 2020 There's a reason to jump forward so quickly and then get in a panic mode about it You know, there was a sell-off early on today We ended in positive territory But I do you think that has anything to do with the president signing in this spending bill at some point Is there a way to gauge that? Well, you can say that they passed it and if they hadn't would we have dropped more? I still think we had a weekday today. I know we rallied in the clothes, but it was only like the last 60 minutes We really had an overall bearish week in the market, which is the first we've had in 14 and a half months But that was an anomaly. Yeah, nothing goes straight up in a line up forever Just like it's not gonna go straight down Eventually we're gonna situate ourselves find a level and like I was saying late until the market is showing strength for a couple of days Green green green green you get up You're talking about it and you're reporting every day and saying markets up markets up markets up That's the time you want to start to get back in people always jump the gun a little bit too soon I think they're afraid they're gonna miss it and then they panic when it drops off Told you a week ago. I wanted to sell everything. I'm not gonna be greedy. I'm just gonna cash in now But they tell me I'm too young. I need to wait it out. You're fine. You're fine They're the fundamentals in the market are good. The technicals in the market are good There's no reason to think that we're lower any time soon. The market is so far away from being bearish It's not even funny When when the market turns bearish is when we get up in the morning and the market is gaffed down huge overnight when you see Pre-market selling which is institutions dumping their shares big time by millions of shares in the pre-market And then we run red that's when you should panic and that didn't happen We sold off in the day that's selling But it's not a panicky selling overnight pre-market big gap down with a big red bar that I don't want to see And I hope doesn't happen for a very long time Melissa Armo great advice. Thank you for joining us. Thank you This afternoon president Trump delivered a show