Time to get out my fishing pole, we're in the middle of a correction. Every day I check the stock market, it seems to go down. In fact stocks were in the red 11 of the past 12 days. WOW! I've already had an extremely busy month buying stocks and managing my portfolio, but I don't think I can say no to some of these prices. APD is now $79.34 (3.23%), EMR is at $46.19 (3.46%), MCD $89.62 (3.12%), OMI $27.95 (3.15%). GPC is another company I like, it saw a decline of 4.55% today. BP is yielding over 5% and now has a P/E less than 5. I like this menu!
The real question is whether to buy now or wait for even better deals. These stocks are at levels not seen since November, back when the gettin was good. If we see another down day tomorrow I'm going to reel in a catch. My plan to slowly invest my stockpile of cash is going out the window if this market keeps declining. We'll see what happens. Either way I won't be buying Facebook.