Be Greedy When Others Are Fearful
This September has been disappointing for most equity investors. The broad-based S&P 500 index corrected roughly 5% and investor sentiment deteriorated further. However, those who read our most recent write-ups know that the recent correction wasn’t surprising. A 5%-10% correction has been overdue, according to long-term market statistics. The S&P 500 increased for more than 200 …