In the last five days, the S&P 500 index (SPY) has corrected by 2.5% and there is certainly some panic in the markets related to a strong dollar and its impact on risky asset classes. This article discusses why the current market correction is a good buying opportunity.Before I discuss the factors for correction and the reasons to remain bullish on the markets, I must point out here that US equities have surged by 192% in the last six years. After the S&P 500 index bottomed out at 676 in March 2009, the index has continued to trend higher. The reason for mentioning this is to underscore the point that even if markets correct by 10% or 15%, investors should not panic as a correction is entirely likely after a multi-year rally.As a recent example, I want to point out that the S&P 500 index was at 2,010… Read More …
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