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Summer is often a dull time to buy American stocks. As I said last week, Wall Street whales often go on holiday, taking liquidity along with them on their 50-foot yachts.
However, long-term investors dare less likely to mind. It’s hard to imagine Warren Buffett caring much about stock prices while he’s sipping a Cherry Coke on the beach.
But the volatility has been much tougher for day traders, with many finding themselves in trouble this year. For example…
Shares of Space Exploration Technologies Corp. (SPCX) briefly dipped below their IPO price last week.
