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Nasdaq Market Correction: Here's What I'm Doing (Hint: Not Selling)

Be greedy when others are fearful, and fearful when others are greedy.

By Neil Rozenbaum – Aug 6, 2024 at 10:00AM EST

In today's video, I will explain what the Bank of Japan has done, how it affects the U.S. stock market, what "carry trade" means, and what I'm doing in this market correction, which has seen the Nasdaq Composite Index (^IXIC +2.02%) drop 4% on Monday.

*Stock prices used were from the trading day of Aug. 5, 2024. The video was published on Aug. 5, 2024.

Read Next

Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Stocks Mentioned

NASDAQ Composite Index Stock Quote
NASDAQ Composite Index
NASDAQINDEX: ^IXIC
$25,838.94
(+2.02%)+$512.82
Dow Jones Industrial Average Stock Quote
Dow Jones Industrial Average
DJINDICES: ^DJI
$49,910.59
(+1.24%)+$612.34
S&P 500 Index Stock Quote
S&P 500 Index
SNPINDEX: ^GSPC
$7,365.12
(+1.46%)+$105.90

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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