Stocks are on sale, but investors are in no mood for a shopping spree, according to John Buckingham, AFAM Capital’s chief investment officer.
“We just had stocks go on sale 10 percent or even more for individual securities,” he told CNBC’s “Power Lunch” on Monday. “A long-term investor should be taking advantage of this and buying.”
The market saw a brief relief rally last week, as it closed the holiday-shortened period positive for the first time this month. However, it resumed its January blues with a drop Monday.
