By Michael Batnick, CFA
The Irrelevant Investor
We’ve had a handful of pullbacks and corrections over the last ten years and only one led to much lower prices. That’s not to say that now is a good time to go all in. For crying out loud, we’re not even in pullback territory (-5%) and I shudder to think what would happen if we get to a correction (-10%).
I’m just trying to remind you that it feels like this every time. Every time stocks fall a little, it feels like they’re going to fall a lot.