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After last week's gyrations, the Standard and Poor's 500 Index is down 5.5% from its September highs – more than halfway to a stock market correction of about 10%.
But Money Morning Chief Investment Strategist Keith Fitz-Gerald – a seasoned market analyst with 33 years of experience – refuses to go along with the gloom-and-doom crowd that's now predicting a stock market crash of 20% to 30%.
"They've been talking about that since the March 2009 lows when the end of the financial universe was supposedly behind us, and they've been wrong for 200-plus percent," Fitz-Gerald said in an appearance on the FOX Business program "Varney & Co." on Monday (today).
But a 10% stock market correction doesn't concern him, either. On the contrary, he relishes the idea.
Here's his outlook for investors as stock market correction talk picks up:
UP NEXT: With volatility on the rise, investors will be tempted to make the worst possible moves. Ironically, Fitz-Gerald says, it's a tactic that comes naturally to all of us – but it's incredibly destructive. This is the one investing strategy you should never use…