Things to Avoid
#1) Don’t panic.
U.S. stocks, on average, are trading at historically fair multiples to adjusted earnings.
#2) Define “correction”.
If the forward outlook is favorable and I believe it is for U.S. equities, it doesn’t matter much if we call this a standard correction. Media pundits have used this term to describe declines of 5% and 25%. It varies.
#3) Turn the news off sometimes.
Constant media news updates place to much emphasis on short-term volatility. It’s not healthy. The U.S. isn’t doing poorly. There are plenty of positive economic reports out there. Let me know if you need to learn how to find them.
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