South Florida Sun-Sentinel (Sunday)

Buy Sell AND Hold

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You may be wondering what moves you should be making during a major stock market correction. Inflation is roaring

and the federal reserve is nervously raising interest and tightening the money supply in hopes of cooling off the economy and bringing inflation down to a manageable level. The market has already discounted a considerab­le future economic slowdown by dropping over 20%. Many investors are concerned with the possibilit­y that things could get even worse although no one knows for sure. Clients have asked me if they should be reducing exposure to equities in these uncertain times. The problem with selling now is for that strategy to succeed, your prediction that the market will indeed go significan­tly lower than current levels must to be right and then you must know when to buy back in before the market recovers past current levels. Ineffectiv­ely timing the market will hurt your long-term returns.

Some brave investors who

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