Boise (670 KBOI News) – Stocks took another big dip Thursday, with the Dow Jones Industrials falling to below 24,000. But that could be an an opportunity for those investors looking to expand their profile in the market.
Brian Wiley, host of Idaho’s Money Show on 670 KBOI, says with the markets down 10-percent, we’ve officially entered a correction, and now we have to be on the lookout for the next bump…
“20% would be a bear market; would a bear market be ‘cyclical’, or ‘secular’?” said Wiley. “‘Cyclical’ means a short-term bear market that typically turns around faster than you realize. A ‘secular” bear market is an extended period of time, typically over at least one quarter, usually into two quarters and maybe into three.”
Wiley says he wouldn’t be surprised to see a bear market, and while that may have many of us worrying about how our 401Ks and IRAs are doing, it’s an opportunity to buy those stocks that have been out of reach with the skyrocketing markets of only a few weeks ago.