Hmm.....

[Mac1958]

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The market's a little frothy right now, not a bubble, but we could use a nice healthy correction. A nice, cleansing, consolidating, temporary drop in a secular bull market, shake out the dumb money.

In 10 of the last 14 years, the market has taken a dip in either October or November.

No predictions yet, just sayin'...

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[Mr. H.]

As long as the Fed continues to dump tens of millions of $ and keeps interest rates near zero, the market has no where to go but up.

 

[Avorysuds]

As long as the Fed continues to dump tens of millions of $ and keeps interest rates near zero, the market has no where to go but up.

lol, try billions. We live in fake era.

 

[Mr. H.]

As long as the Fed continues to dump tens of millions of $ and keeps interest rates near zero, the market has no where to go but up.

lol, try billions. We live in fake era.

I stand corrected, Savoryuds.

 

[whitehall]

Don't count on a correction when the Obama administration holds all the cards. Things are going to be sweet right up to the November elections. What else does the Hussein administration have?

 

[Snouter]

What the fuck is a correction? Is the money being made now "incorrect?"

 

[Mac1958]

What the fuck is a correction? Is the money being made now "incorrect?"

I already described it. But if you need more:

Correction Definition | Investopedia

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[mudwhistle]

The Fed seems to be planning a reversal of their policies. Plans for withdrawing $1 Trillion and to begin raising interest rates.

Looks like all of the free money is coming to an end.

US banks braced for large deposit outflows - FT.com

 

[Zander]

This market is irrational. It goes up on bad news, and down on good.

 

[saveliberty]

The brokerage houses determine which direction they want the market to go. Then political and economic changes are applied as reasons for why the market does what it does. Today apparently was Argentina. Really? All sorts of sanctions againt Russia, but Argentina effect things -1.5%.

Yes, well right. NOT.

Due to the length of time between major corrections, we should be looking at 20%. Who knows if this is the beginning or just a hiccup?

 

[Mac1958]

The brokerage houses determine which direction they want the market to go. Then political and economic changes are applied as reasons for why the market does what it does. Today apparently was Argentina. Really? All sorts of sanctions againt Russia, but Argentina effect things -1.5%.

Yes, well right. NOT.

Due to the length of time between major corrections, we should be looking at 20%. Who knows if this is the beginning or just a hiccup?

The longer we go between corrections, the worse it will be.

The problem right now is that there is so much money on the sidelines that investors will swoop in with every drop like today, which will only push back the correction even further.

Our last good bull market correction was April 23 2010 to July 2 2010, down 16.10%. Let's do that right now.

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[SteadyMercury]

I think we'll see at least a 10% correction before end of year but who knows.

I'm basically with mac1958 here, we know it is coming so let's just get it over with.

 

[saveliberty]

The government is really good at creating bubbles too.