The market selloff so far looks like relatively minor turbulence in a relentless climb. Market pullbacks are normal and even healthy. They prevent stocks from overheating and give investors stuck on the sideline an opportunity to get in.

“We are long, long overdue for a serious correction,” said David Kotok, co-founder of Cumberland Advisors. “Will this be the one that takes the market down 5% or 10% and scares the hell out of everyone? That would create a new psychological base.”

The Dow closed down 177 points Monday, its worst day since September.

 

Read the full article here: https://gantdaily.com/2018/01/30/dow-loses-more-than-400-points-over-two-days/

David R. Kotok
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