Friday, January 24, 2014


There seem to be a lot of people on the internet debating whether the latest 300 plus point drop in the stock market is signaling a market correction.  To my way of thinking, a 300 point drop answers the question.  A market correction is already in progress, it's simply a matter of how far down it will go.  I'm pretty excited about the whole thing.  I've been expecting a correction for quite some time now.  The market has been flying high with no good reason for such optimistic pricing.  While it's true that corporations in the S&P 500 are sitting on stockpiles of cash amounting to over $1.3 trillion, they've yet to take any action putting this money to work to boost the economy.  Without jobs creation and a growing economic future, the market cannot continue to rise.

On a brighter note, I'm excited about the whole thing because it presents investors with an excellent buying opportunity.  Now's the time to keep your wits about you when everybody else is running for the hills.  Look for buying opportunities and build up your positions while the prices are down.  Eventually corporate America will begin to invest their cash, the economy will improve and markets will rise once again.  Now is the time to position yourself for such an eventuality.  

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