If you're a long-term investor, [volatility created by the end of QEII] is likely to create some good opportunities and some good values, again, in a path toward higher stock market values.
If you're invested in stocks, if you're invested in a fund like Pathfinder, it's sort of a prerequisite to have a long-term approach. Stocks are volatile. There's very little you can do to avoid the volatility in equities, especially if you're a long-term value investor. But when these opportunities come along, it's very difficult to see with many of the names we own, this being anything more than a mark-to-market issue. So, volatility may drive the stock market down but the long-term value, the intrinsic value of the equities we own, are still there.
So, it's really the market serving up a blue light special to you, and telling you to go out and buy some more.
~Charles Lahr, portfolio manager, PIMCO EqS Pathfinder Fund, Consuelo Mack Wealthtrack, April 22, 2011