I bought clients some pharmaceutical stocks the week prior to the 87 “crash”. Within a year they were profitable.
What we see here is normal, the market was extended.
Caught a little bit of Joe Kernan this morning, and he said that over the past several months, he lost count of the number of experts who had been on Squawk Box saying that a “10% market correction was desperately needed.” He said the same experts now are foretelling the end of Western Civilization with the market dip.