I think the prior low close for the month was about 2070 (S&P)
Now we're below 2050. About 1% lower now. What does that tell us? Not much - valuations are actually still relatively high in most people's opinions. I think this discussion is more about buying on an emotionally driven sell off - they tend to overshoot.
My rule is more to never sell into a dislocation. Can't say I always buy - that just tends to be about adjusting cash. So I really don't mean to give advice.
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In response to this post by Tuckahokie)
Posted: 06/24/2016 at 1:30PM