Reply To: Correction or Meltdown?

#18007

TS Paul
Keymaster

I know I sound like a Pollyanna during each correction when I talk about how I ignore them or use them as opportunities to buy stocks on sale. If I could predict these or call the bottoms on them, I certainly would, but despite my best efforts when I was a younger investor that was not a code I could crack.

So I pull back a bit from looking at the financial media during these events and take the long view. Absent a recession (which we do not have right now), the market is going to go up. But it’s not going to go up every day – there are going to be a lot of down weeks and months along the way. I get some comfort from taking a look at all the dips and stumbles over the past few years in the attached chart, but also looking at how much higher we are than where we started.

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