First things first: Don't panic. The raging, grinding bull markets are "officially" in correction territory.
It's a healthy thing.
Though I've been consistently bullish in my outlook over the past year or so, I've said that a 3% to 5% dip in the markets might be in order and that a correction like this would be welcome.
Why? It's not that I enjoy watching stocks fall... unless I'm planning to recommend that my readers play the "rubber band snap" (although I did, and they made a quick 50% gain).
Rather, this downturn is good for the simple reason that we needed to see that capitulation.
Tags:market correction
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