“I think people need to look at [whether] you have the right balance in your portfolio,” Hanson said.

The Downside Jones Industrial Average was down more than 200 points midday Monday, while the benchmark S&P 500 index briefly dipped below 2,000, a key psychological level.

However, Vanguard’s global chief economist, Joe Davis, said Monday that this may be an opportunity for investors to buy some stocks at a discount.

“I think some investors that are disciplined are taking advantage [of the fall] because they’re following a systematic rebalancing strategy. We went into the year with a very guarded and muted outlook for the returns on the markets, but that said, we weren’t so bearish as to say that investors should get out of the market,” Davis told CNBC’s “Squawk Alley.”

John Stoltzfus, chief investment strategist at Oppenheimer Asset Management, echoed Davis’ comments in the same interview.

“We’re in the eye of the storm right now but, when we look back historically, when the eye of the storm occurs, in hindsight is always one of the best times to pick up what has been thrown out in haste. We would have to think that the markets here, particularly for sophisticated investors, are offering significant opportunities that might not be realized for months,” he said.

Source: CNBC.COM.

Full market analysis of S&P 500 please see at S&P 500 Market Analysis

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