Here’s what could trigger more stock market pullbacks this year, says Schwab trading pro

A record-setting August for stocks has set the bar high,but September may be off to an upbeat start, led by technology. iframe.twitter-tweet { width: 100% !important; } That brings us to our call of the day from Schwab Center for Financial Research’s vice president of trading and derivatives, Randy Frederick, who thinks the stock market may finally deliver on some much-needed corrections.

When those smallish pullbacks come along, though, he advises against panic , saying “they will be and should be used as buying opportunities.” That is because there is nowhere else for investors to put their money as any Federal Reserve interest rate increase is years out, said Frederick. And investors should learn from those who panicked out of the market in 2008 and missed out on an 11-year bull market, he added.

Frederick is watching the coronavirus pandemic as a potential trigger, with schools opening across the country and the potential for a dramatic uptick in the case count spooking markets, while trade issues with China shouldn’t be dismissed, as they also have the power to unhinge markets. Shares of Zoom ZM, +35.67% are surging, after the videoconferencing group soundly beat forecasts. Companies paid up for the service.Retailer Walmart WMT, +4.27% is launching a $98 a year membership program offering fuel discounts and free shipping, to perhaps rival Amazon Prime AMZN, +0.94%.

I'm coming.

They always try and scare people away. Investors aren’t falling for that “correction” talk anymore

A 2-3% decline sometime over the next few weeks! Wow really going out on a limb here aren’t we.

No way stocks fall 2%. Not for several years.

2-3% is a joke...

PENN TO THE MOON!! DDTG FTW!!

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