It could be tempting to press the sell button and entirely exit this nasty market given that the Dow, S&P 500, and Nasdaq are all in the red year to date.
However, a well-known economist makes the opposite case.
According to Jeremy Siegel, a professor of finance at the Wharton School of Business, "If you're a long-term investor, I would absolutely buy now."
I believe that these are truly excellent long-term values.
Inflation is one of the factors contributing to the stock market decline this year.
The rate of increase in consumer prices was the quickest in forty years.
Current stock market news updates: As prospects for a Fed reversal are dashed by the jobs report, stocks plummet and Treasury yields rise.