Could the Nasdaq Sell-Off Make This Growth Stock a Buy Again?
Wall Street is an emotional place, which is really what makes markets work. However, every so often, investors flow like lemmings in just one direction. That happens during bull markets and during bear markets.Right now, the Nasdaq Composite (NASDAQINDEX: ^IXIC) has fallen more than 10% from a recent high, which is a correction. That often freaks investors out a little and can lead to a correction turning into a full-blown bear market (a drop of more than 20%). That's when the babies get thrown out with the bathwater and smart investors can pick up bargains.If you are a long-term investor, you should have your wish list ready, in case certain stocks fall further, and Costco (NASDAQ: COST) should be right on top.Continue reading
Wall Street is an emotional place, which is really what makes markets work. However, every so often, investors flow like lemmings in just one direction. That happens during bull markets and during bear markets.
Right now, the Nasdaq Composite (NASDAQINDEX: ^IXIC) has fallen more than 10% from a recent high, which is a correction. That often freaks investors out a little and can lead to a correction turning into a full-blown bear market (a drop of more than 20%). That's when the babies get thrown out with the bathwater and smart investors can pick up bargains.
If you are a long-term investor, you should have your wish list ready, in case certain stocks fall further, and Costco (NASDAQ: COST) should be right on top.
