Buying opportunities abound

Stock prices could fall further over the short run if economic uncertainty increases. With inflation still high and further interest rate increases highly likely, it would not be a major surprise for the economic outlook to deteriorate. Should this happen, buying opportunities among high-quality companies could become even more prevalent as weaker investor sentiment drives down their prices.
This point has previously been highlighted by Berkshire Hathaway Chairman Warren Buffett (Trades, Portfolio), who said, “Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold.”