Something unusual is happening as I write this. The stock market has once again been making new highs. #-ad_banner-#At least, it feels like an unusual occurrence after last month’s steady selloff. This quick “correction” followed by an equally swift rebound, has a lot of observers feeling jittery. Many of my Top 10 Stocks subscribers have written in to ask advice on our portfolio holdings during this period. With that in mind, let me just say one thing… I do not think it’s time to start running for the exits. I believe there a few reasons for the early October selloff–… Read More
Something unusual is happening as I write this. The stock market has once again been making new highs. #-ad_banner-#At least, it feels like an unusual occurrence after last month’s steady selloff. This quick “correction” followed by an equally swift rebound, has a lot of observers feeling jittery. Many of my Top 10 Stocks subscribers have written in to ask advice on our portfolio holdings during this period. With that in mind, let me just say one thing… I do not think it’s time to start running for the exits. I believe there a few reasons for the early October selloff– none of which have to do with decaying corporate fundamentals, or an impending stock market collapse, as some analysts would have you believe. But before I get into my take on the recent decline, let’s look at what actually happened — and how far stocks really fell. In overall terms, last month’s dip has, in fact, been minor. While it felt like stocks took a big hit in many cases, the overall Dow was down “only” about 700 points — or less than 4%. It’s also important to keep in mind that this relatively small decline came from a high… Read More