2049

Market Correction

I Don't Think the Bull Market Is Going Anywhere

First things first: Don't panic. The raging, grinding bull markets are "officially" in correction territory.

It's a healthy thing.

Though I've been consistently bullish in my outlook over the past year or so, I've said that a 3% to 5% dip in the markets might be in order and that a correction like this would be welcome.

Why? It's not that I enjoy watching stocks fall… unless I'm planning to recommend that my readers play the "rubber band snap" (although I did, and they made a quick 50% gain). 

Rather, this downturn is good for the simple reason that we needed to see that capitulation.

Let me show you what I mean, and why this week's rough sledding has been a good thing, even in the very short term...