Thursday, October 29, 2009

This Pullback is Buy Opportunity—Not Correction

This Pullback is Buy Opportunity—Not Correction: Strategists

Stocks fell last week and have continued to slide this week, prompting speculation that this may be the beginning of a correction. What does this mean for the overall markets going forward?

Adam Bold, founder and CEO of the Mutual Fund Store and Joe Kinahan, chief derivatives strategist at Thinkorswim, shared their insights.

"This is really a healthy thing to have happen in the market," Bold told CNBC.

"It introduces some fear back into the markets, which is not a bad thing, and it gives people who have been waiting for an opportunity to get in that opportunity."

Bold said there's still US$4 trillion on the sidelines and there's still "a lot of opportunity" going forward.

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