Noted contrarian investor and author David Dreman says a correction is coming for the stock market — but he says investors are best off just holding their ground and riding through it.
In an interview with Fox Business, Dreman says it’s too hard to tell exactly when the correction will occur. And, given his belief that stocks are headed higher over the longer haul, he says investors shouldn’t try to time the correction. Dreman also says he’s expecting inflation rates of 8% to 10% within the next three years, and offers his tips for how to handle that possibility.
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