The market selloff in the third quarter was indeed the correction investors were waiting on. And while there may be some sporadic selling in the next few months, the worst is likely over, said John Taft, CEO of RBC Wealth Management. 'There are losses, unrealized in many cases in client portfolios, and any good financial advisor is going to sit down and talk to their client about harvesting losses. That’s going to happen over the next 30 to 60 days so it could suppress the market for a while, but that will be temporary,' said Taft, adding that he prefers high quality, dividend yielding stocks. In Taft’s view, the U.S. market should ultimately resume its bull run as the domestic economy continues to grow - albeit at a modest pace - and corporate earnings improve. According to Taft, long-term investors should stay the course and look for opportunities if volatility persists because investors tend to obsess about collapses during short-lived rocky market patches. Currently, he sees the best opportunities in investment grade corporate bonds where credit spreads are at levels not seen since before the 2013 'taper tantrum'.