I’ve recently been thinking a lot about the day the stock market crashed in October 1987.
You know why.
On Oct. 19, 1987 – Black Monday – the Dow Jones Industrial Average lost 22.6% of its value in a single day.
And ever since Jan. 26, we’ve seen the Dow drop 10%, regain half of that, and then drop and bounce back some again and again.
Back in 1987, I was banking and technology analyst working in San Francisco’s financial district. My boss called me from New York after the market closed on Black Monday to talk it over.
“This is huge,” he told me. “It’s ka-boom!”
“Hey, this is great news,” I said. “They’re having a sale on Wall Street.”
And that’s how I am looking at the recent “tech wreck.”
You should be, too.
No, this is not 1987. Far from it.
But the fact remains that big tech stocks – all the so-called FANGs – have dropped hard lately. They’re down further even than the overall market.
I made a bundle on cheap stocks back in 1987 – and I want you to do the same with these priced-to-move stocks today.
However, you can’t just head to your broker and put down some “Buy” orders.
You need a strategy – a plan of attack.
Your opportunity to buy big tech at a discount isn’t the only good news to come out of all this recent turbulence.
It’s also got Wall Street to say what we’ve been talking about for years now here.
I’ve lost count of the times over the last few days that I’ve heard an analyst tell the media that tech is the linchpin for the entire U.S. economy. Indeed, virtually every business out there needs the digital platforms that grow sales and improve profit margins.
That alone makes this is a great buying opportunity for savvy investors armed with just the right strategy – the right plan of attack – for turning selloffs into profit bonanzas.
Make no mistake. Each member of the FANG Plus group is a great company. We’re talking Facebook Inc. (Nasdaq: FB), Amazon.com Inc. (Nasdaq: AMZN), Netflix Inc. (Nasdaq: NFLX), and Alphabet Inc. (Nasdaq: GOOGL)– plus Apple Inc. (Nasdaq: AAPL).
These companies are behind advanced chips, online streaming, social networking, cloud computing, e-commerce and mobile payments, online search, and productivity software – not to mention artificial intelligence, Big Data, virtual reality, and streaming music.
Plus, most of these companies have moonshot labs where they’re working on stuff like driverless cars, balloon-powered universal internet, and typing with your brain.
Just holding these five stocks is like owning the world’s best technology fund.
And remember, there’s absolutely nothing wrong with the fundamentals of any of the FANG Plus.
Just look at Facebook.