Why predict time & magnitude of correction, focus on business and diversification: 6 large-cap stocks with upside potential of up to 38%
There are times when volatility hurts more than others. This week, for instance, the impact of the correction was felt across the spectrum. Can this continue? Perhaps, yes. Given that valuations are high, small corrections can cause price cuts as the urge to protect profit on the table takes hold. But remember: In the long term, these corrections are small blips, soon to be forgotten. Like the widespread correction of the first quarter of 2023, sparked by the Adani-Hindenburg episode. What mattered at that time of chaos and correction was what shares (read businesses) you bought, and how much you diversified.