Not Enough Tears Yet

As we have seen the market sell off for two of the past few trading days, I've started to get the questions, calls and emails wondering if this is a buying opportunity. It seems we have gotten so used to the stock market going up that market players think of every little selloff as a chance to buy. During the week, I have covered the fact that I believe material and energy names have seen enough sustained selling that they are bargain issues worth accumulating. Many of these have lost more than 50% over the past year, and they have become falling knives worth catching, in my opinion.

But the stock market, as measured by the S&P 500, is barely 4% off the 2013 and all-time highs. The Dow Joes Industrial Average is about 2% off its own peak, and the Nasdaq Composite is about 3% down from its highs. While it can always get worse, this is really just a hiccup along the journey so far. It is not yet time to break out the canes and hobble down to Wall Street. There are certainly no tears yet....604 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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