Stocks, Bonds Take a Beating in Worst Day on Wall Street Since February

Boise (670 KBOI News) – If you hear an unusual groaning today, it may be coming from your 401K. Markets took a beating today…both stocks and bonds, which is unusual, says Idaho’s Money Show host Brian Wiley.

He says usually, when stocks fall, people retreat to bonds.

“Typically, we will see a flight from quality to quality, and that would happen when people leave the, or any investors, leave the riskier stock market, and go over to the safer bond market,” said Wiley.  “That’s not happening right now.  We’re seeing bond yields rise, which means the sell-off in bonds is continuing.”

But Wiley says as always, the silver lining to the dark cloud over Wall Street is that this is a buying opportunity. But even if you don’t want to go out on a limb and buy more stock, resist the urge to sell into the drop.

But if you’re feeling like taking advantage of lower prices, he says you might look at some of the smaller and mid-cap stocks on the Russell 2000 index.