Down Markets Create Opportunities

Mar 1994 //
Cycles
Optimism/Pessimism

I enjoy down markets.  On one hand, since we’re going to have periodic declines, like them or not, we might as well be comfortable with them.  More to the point, however, down markets create opportunities—sort of like a sale at your favorite store.  The major difference is that store sales are advertised as buying opportunities, while sales in the markets are usually accompanied by scary headlines.