Imagine a newspaper headline that said “Clocks showed five o’clock twice yesterday.” Well, duh . . .
David Rosenberg is one of the most respected investment strategists on Wall Street. He was interviewed by a magazine that carried the headline “There will be another big correction in the stock market.” Well, duh . . .
There has never been a time in our economic history when that was not true. Corrections/recessions/bear markets are routine events that come and go. There is ALWAYS a big correction out there somewhere. The trick is NOT to OVER-REACT.
Remember: Corrections/recessions/bear markets are routine (if not predictable) events that come AND GO!