Today, Chris and Doc pick up with yesterday’s thoughts. Yes, the broad stock market is likely to stay bogged down, if not move lower, for some time to come. As Chris reminds you, the Fed has pretty much told you that is what THEY want; more reasonable valuations, less froth, etc. Sure, in the end they may not pull off this “soft landing” any more successfully than in times past. But the point here is that a long-overdue correction and even a cyclical bear market won’t necessarily mean the end of the world. And Doc and Chris end with areas they like–and see as investable–no matter what the broad market does.
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