The stock market is overdue for a correction This might be
it, but no one knows.
My approach is to only hold companies which
provide goods or services always in demand and pay a good dividend with a
history of raising it each year. So, I just see drops as opportunities
to buy more.
I see this as one of most remarkable economic times in US
history. US innovation has changed every industry on the planet,
resulting in the US having the strongest economy in the world, while
also bringing along other advanced economies which embrace innovation.
Recent slowness in the US economy is due to the strong
dollar, but that is good for the medium and long term, a resurgence of
the world reserve currency.
For the US, the strong dollar makes the cost of commodities cheaper, a bonanza.
So, this slowness, combined with great innovation and
needed new regulations, is consistent with a solid economic boom,
nothing like "trickle down" because it is combined with such bottom up
advances like ACA and historic creation of new jobs combined with rising
minimum wages, rising education standards and expansion of community
college opportunities. Plus, maybe the most remarkable catalyst being
the lowest interest rates in history.
