US Stocks May Not Fall As Much As Bears Hope

Investors hoping for the much-ballyhooed market correction to take hold so they can jump in at sharply lower prices may have a long wait.

Talk of a 10 percent or better dip has been a dominating factor in market talk, particularly since the spring of 2013 when the Federal Reserve began chatter about reducing and finally eliminating its monthly stimulus program.

But each dip since then has been met by more buyers, and those thinking that there is a great day of reckoning where the market goes on sale could end up meeting the same unfortunate fate that often awaits market timers.

“Across-the-board declines appear to have gotten everyone’s attention, raising the inevitable question of ‘Should we buy or bail?'” Sam Stovall, chief equity strategist at S&P Capital IQ, said in a note to clients. “Our recommendation is to do nothing, at least for now.”

CNBC

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