Dow, S&P In Pullback Territory, Nasdaq In Correction Territory, Is Now The Time To Buy?

Plus 5 New Strong Buys for Today Dow, S&P In Pullback Territory, Nasdaq In Correction Territory, Is Now The Time To Buy? [Kevin Matras - EVP - Photo] Profit from the Pros By Kevin Matras Executive Vice President Dow, S&P In Pullback Territory, Nasdaq In Correction Territory, Is Now The Time To Buy? [Dow, S&P In Pullback Territory, Nasdaq In Correction Territory, Is Now The Time To Buy?]Image: Bigstock Stocks closed lower again yesterday. The Dow and the S&P are now in 'pullback' territory (defined as a decline between -5% and -9.99%). Pullbacks happen on average of 3-4 times a year. From their recent highs, to their recent lows, the Dow has pulled back -5.24%, while the S&P has pulled back by -5.99%. The Nasdaq has entered 'correction' territory (defined as a decline between -10% and -19.99%). Corrections happen roughly once a year. The Nasdaq has corrected by -11.60%. A decline of -20% or more is defined as a bear market, which nobody is calling for. That's because bear markets typically coincide with recessions. And a recession is marked by two quarters in a row of negative GDP. With 2021 GDP expected to come in at 5.9%, the fastest growth rate in 37 years, that's the antithesis of a recession. That's historic growth. And with GDP in 2022 projected at 4.0%, with 2023 projected at 2.2%, there's nothing but growth ahead for the foreseeable future. So no need to waste our time with recession talk. And by that measure, no need to waste our time with bear market talk either. But pullbacks and corrections are common occurrences. And they should be looked at as opportunities to buy rather than places to sell. You don't have to go all in at once. But you can start taking nibbles at these discounted prices. Because history has shown that these are the pauses that refresh before the next leg up. And with a growing economy, a growing jobs market, and rising corporate profits, it looks like there's a lot more upside to go for both the economy and the market. So don't squander this time with preventable mistakes. To learn how you can take advantage of pullbacks and corrections, be sure to read our latest commentary... [Bull Markets, Pullbacks And Corrections]( Best, [Kevin Matras - Signature] Kevin Matras Executive Vice President, Zacks Investment Research Sponsor [The Top 5 Stocks for Trading Options]( Jay Soloff, options floor trader, market maker, hedge fund analyst turned options educator has just released a brand-new FREE report with his 5-point checklist for vetting options and his top 5 stocks. Whether you're a complete novice or an old pro, you can use Jay's checklist and 5 stocks to start placing trades today. 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