I believe, we have some Newbies’ pain on the board. Knowledge is power and several folks on this board are providing the rational for their stock picks. If the reasoning is solid, then you’re in a good position to hold on. Many of these picks are high beta stocks and will rise and fall faster than the index.
The current market correction is self induced and will be short lived. We are nowhere near a recession. The economy is still recovering and we are still adding jobs. Guys, the FED hasn’t start with the interest rate hike as yet. All that is happening is the market is shaking out the weak hands. Hang in there; it will come roaring back up. If there is any sign the economy is falling into recession, the FED can only do one thing at this point, pump more money into the economy – that’s good for stocks.