Yahoo Finance Article Quoting DataTrek’s Jessica RabeBy admin_45 in IN THE NEWS
Excerpt from Yahoo Finance quoting DataTrek co-founder Jessica Rabe:
.... "Other market pundits said recent market volatility could generate an investing opportunity. The threshold for an “investable bottom,” however, requires a relatively steep pullback, according to Datatrek co-founder Jessica Rabe.
“Many investors look for violent one-day declines for attractive buying opportunities, but it takes a truly uncommon event like a down 4% day to signal an investable bottom,” Rabe wrote in a note. “The VIX (volatility index) has peaked the most in August and October, so the next three months is the most likely time it could happen, especially with trade and Fed related headline risks.”
“If you can hold on through incremental volatility, history has shown the S&P usually recovers by double digits after a year,” Rabe added"....
Read the full article here on Yahoo Finance!