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Farmers Hit the Jackpot in Kansas Oil BoomCharles Payne, chief analyst for Wall Street Strategies, is well known from his weekly appearances on FOX TV's Bulls & Bears as well as Cashin' In, Cavuto, and FOX and Friends. And despite the sharp sell off yesterday, he remains cautiously optimistic.
He explains, "Getting investors to see the silver lining of any corrective action borders on being a Herculean task. The strange thing is that so many folks have been waiting on the sideline for the market to pull back."
Yet, he notes, when these correction do happen, investors often fail to take advantage of the lower prices. He adds, "The flip side of the nervous investors are those brave souls who want to run into a burning building." So how should an investor respond to the sharp decline?
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