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CNBC Mad Money August 14, 2017

Is the selloff over already . Was that it . Point blank, the answer is no on a day when the dow gained 135 points, s p surged, nasdaq surged you need to know that the market sadly doesnt work like that. The month of august is notorious for declines like the one we had last week. Much of september also in other words, its selloff season this is when we get hit with short, sharp, fearinducing pullbacks. Happens almost every year. I need you to get ready for it remember last week we had Terrible Bank stock performances, and a famous huge funds manager says theres far more risk in this market than they believe that combination caused a serious run for the exit hey, lets call it as we see it. You know what it was it was a wholesale panic and with all panics, it created bargains buy buy buy but were you ready for them this kind of activity is why i recommend raising cash after big runs like we had this year why . Because when we do pull back, and im telling you its going to happen again, you

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