Just an update on my view of recent market gyrations:
I’ve been expecting a market dip for several weeks largely because it often has a summer slump. I do not expect it to decline more than 10% or so mainly because corporate profits continue to grow, though at a slightly slower rate. I do not believe the market is too high. In fact, looking at the price per earnings ratios, it is below historic averages given the low rate of inflation. As always, these are my opinions and are certainly no guarantee of what will actually occur.