Market Volatility; WallStreeti.com, LLC Market Update 10.22.2014
Good afternoon. The market volatility continues to be broad based among all asset classes, including stocks, bonds and commodities.
Stay the course. The market has already “corrected” and it established a “floor” last Friday, October 17, 2014.
Remember, the market has had upward trajectory almost without a pause for several months since last year, and this recent pullback is just that, a pullback.
The best offense in this type of market environment is a great defense. That means:
1. You cannot time the market
2. A combination of stocks and bonds in your portfolio are always better than just stocks or just bonds
3. A great time to ‘dollar cost average’ is when the market goes down — this way you are getting lower prices
4. We have been in a bull market since 2009, and it is absolutely understandable that ‘the market’ takes periodic ‘pauses’ or ‘pullbacks’ as the market goes higher – this is actually healthy in many regards so that the market can regain a new footing.
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