The rollercoaster ride continues; The Dow is down 250, the Dow is up 250. Many people see this as a cause for concern, I see this as an opportunity to buy the best stocks ON SALE.
Daniel Frishberg, host of BizRadio 1320 and editor of The MoneyMan newsletter agrees. He is using the market volatility to buy "best in class" companies such as Goldman Sachs (NYSE: GS), Apple (NASDAQ: AAPL), and Fluor (NYSE: FLR).
We want to be in the best companies that are leveraged to the inevitable growth of the overseas middleclass, and we took advantage of what we think is a low risk entry point to buy them at reasonable levels. - Daniel Frishberg
He explains, "Volatile markets function to transfer assets from the hands of weak holders into the hands of strong holders. When the transfer is complete, selling pressure will decline because the strong holders are less inclined to sell, and we will be in position for a new rally. It is not always orderly or polite, but that is just the way the cycle works."
