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Just a Correction, Not a Catastrophe
April 24, 2012
Some of you may have heard some noise in the media over the past week about the small dip in the stock market. Is it a prolonged setback? Is a short dip? Should we expect more of this in the future?
Let me reassure you – nothing in the past week will amount to anything of consequence. The stock market has yo-yoed forever and will continue to do so into the future. No new domestic or foreign events are of any consequence.
It is all just noise.
What should we expect next? I wouldn’t be surprised if the market dropped another 5 to 10 percent. The reality is that 2012 will likely end with a handsome profit on Wall Street regardless of what happens in the next few weeks or months.
Long-term, common stocks have and always will outperform all other asset classes. Investors should take advantage when stocks are on sale and buy more.
What they shouldn’t do is panic. These corrections will continue to happen periodically for the rest of our lives.
