The followig is an excerpt from Chuck Jaffe | November 7, 2015 | MarketWatch.com |
Adam Grimes, chief investment officer at Waverly Advisors, said that despite recent troubles and increased volatility, investors are being given a good opportunity to buy U.S. large-cap stocks.
Appearing on “MoneyLife with Chuck Jaffe,” Grimes noted that the increased volatility has been “non-directional” — meaning that the stock market hasn’t had a downtrend so much as sharp volatile spikes and equally sharp reversals.
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“For years, I have been saying, ‘Be long stocks,’ but the reality is that’s what the market has said and I’m just passing that message along,” said Grimes, the author of “The Art and Science of Technical Analysis.” “That’s still what the market is saying.”
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