It was Oct. 19, 1987 – Black Monday – and the stock market had just
crashed. At the time, I was an analyst in the Financial District in San
Francisco.
My then-boss called me from Wall Street. And he sounded like he was ready to sell everything.
But I had other ideas.
After all, if Macy's holds a 25% off sale, shoppers rush down in
droves. So why do so many investors panic when the market corrects?
By doing so, they miss out on great bargains.
We're not doing that. We're going shopping…(more)
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