Tag Archives: TGT
One-way markets make me uncomfortable. Up or down. So I’m delighted with the sharp sell-off we’ve seen on Wall Street the past two days. Stocks were getting ridiculously overextended. Now we’ve had a nice “correction” amounting to 2.3% on the S&P 500 index. The market could drop a couple of percentage points more, but I don’t foresee a debacle. Use the weakness to build up your holdings of our recommended stocks and mutual funds.
I spotted a good interview today with ace money manager Bill Nygren at Morningstar’s Web site. Nygren runs the Oakmark Fund and Oakmark Select, two value-oriented funds with great long-term track records.