Thursday, March 13, 2014

What's behind the dip?

Ukraine? China? No, the recent dip in the stock market is just the garden variety of modest correction that occurs all the time in any bull market. People start to feel that stocks are overpriced, and then they go "risk off" and take some money off the table.
 
When will the dip be over? Hard to say – it may already be over, or it way persist for awhile longer.
 
What I do know is that this is in fact a buyable dip. That's not to say that stocks might not dip further, just that they are likely to recover the lost ground in a relatively short period.
 
The economy? It appears to be doing fine, not great, but not terrible, and the U.S. economy is the primary driver of U.S. stock prices.
 
Ukraine and China were just excuses or cover to kick off a modest correction.
 
Now, let me see what stocks I don't already have in my portfolio to pick up at a decent discount to recent prices.
 
A few are: EMC, WDAY, QCOM, NVDA, SSYS, AMAT.
 
-- Jack Krupansky

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