Who said now wasn't a good time to be in the stockmarket?
Sure, it's been a bumpy ride, but the S&P/ASX 200 (INDEXASX: XJO) has just entered its fourth consecutive day of gains. In fact, it's up a whopping 0.9% today, taking its gain for the week to 2.3%.
While it was Australia's largest miners who led the way earlier in the week, the big four banks, Telstra Corporation Ltd (ASX: TLS), Woolworths Limited (ASX: WOW) and CSL Limited (ASX: CSL) have all done their parts to help the market avoid that dreaded "technical correction".
Admittedly, the market is still sitting a way off its peak recorded at 5,679.5 in late August, but it's certainly not down and out.
In fact, now is actually an excellent time to buy! While many investors are still biting their fingernails and wondering whether there is more pain to come, the smart investors are focused on the long term and buying high quality stocks at heavily discounted prices.
For instance, I recently named three high-yielding dividend stocks that would be worth buying while the opportunity is there. That article can be found here.
