Here a little something that somehow matches my current sentiment, a comment that I cam across last night ...
Recent pullback in stocks could be a pause that refreshes growth; OppenheimerLast week’s dismal stock performance could be a pause that ultimately refreshes the market’s upward trajectory, according to John Stoltzfus at Oppenheimer. It may also be a good opportunity for investors to bolster their portfolios with winners poised to gain. “We remain positive on equities and consider the current retracement as an opportunity for investors to seek out ‘babies that got thrown out with the bathwater’,” Stoltzfus wrote in a Monday note, referring to good-quality stocks that get sold off in market downdrafts. “In our experience of nearly four decades in the markets, fed fund cycles that take time to work out are never easy to experience but can be rewarding for investors who practice diversification and exercise patience,” he added. One of the firm’s favorite investment mantras during such periods is “know what you own and why you own it relative to your investment goals, objectives and tolerance to risk and right size your expectations.” The advice is especially beneficial during periods where markets are adjusting to a new normal, according to the note. —Carmen Reinicke
