In addition, it was also one of my recent add on
buys during the market correction.
Not exact matches
During the boom, people
bought tech stocks at high prices, believing they could sell them at a higher price until confidence was lost and a large
market correction, or crash, occurred.
However, although sharp
corrections are somewhat rare (they have only occurred in nine years since 1962), they have happened more often
during bull
markets than
during bear
markets, and thus have often presented
buying opportunities historically.
As Chart 1 shows, equity -
market corrections during midterm election years historically have turned out to be great
buying opportunities.
I'm essentially talking about
buying during market dips and
corrections, perhaps based on moving averages.
His outlook on what to
buy in
market panics is spot on and something you'll want to remember
during the next
correction).
If the
market drops 20 % I view that as a
buying opportunity just as I did in 2008 - 2009 and
during each
correction since (most recently January 2016).
Aurinia Pharmaceutical (AUPH) has slipped
during the stock
market correction and I think this is a good «official»
buying opportunity.
I have no intention of
buying and holding
during significant
corrections and bear
markets.
My goal for the current
market situation is to
buy stocks that provide growing dividend and capital growth in the past, and are functional businesses
during market corrections.
Buffett after he was done with the net net thing and by the mid 1960's and with Mungers influence would
buy a basket of average business that he could make good earnings yield on and looked like pretty good business and
bought them
during a
correction of an industry or general stock
market correction then sell them once they became higher valued..