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Stocks are sinking causing much concern from some of our investors. However, as food for thought consider these two points. The first, today marks the end of the fiscal year for mutual funds perhaps having caused them to sell some of their winners (tech, energy, commodities) thus causing a cascade effect for the market as a whole.
The second point, let us assume that you were a survivor on the Titanic and the next boat you got on sprung a small leak, how would you react? That is right. You would panic and head for the first available lifeboat. Give this some thought as it relates to the stock market after we have seen some correcting after a brutal bear market.
Finally, we are going to wait until early next week to see how things shake out. Chances are, it is just a healthy pullback after a magnificent run-up. Also, everything in moderation.