As the Stock Market Turns . . .
Last week’s stock market plummett was a wake up for the bulls of the stock market and an “I told you so” moment for bears. But the 5% the market gave back in last week’s trading is not a clear signal in either direction, and might be only a short-term market correction.
Any way you slice it I think it remains a good opportunity to acquire some great stocks at a 5-10% discount. To combat a possible further market downward spiral build a position, and do not jump in the market all at once. It is impossible to predict a top or a bottom in the stock market so don’t try. Create an investment plan and stick to it. If the volatility is too much for you simply sit on the sidelines until enough positive economic is presented to solidify the market.
Written by Nagel on July 30th, 2007 with
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