How High Before the Next Correction? - Real Time Insight
May 06 2013 - 10:36AM
Zacks
A stock correction is officially
labeled as a decline of at least -5%, but not greater than -20%
(beyond that is considered a bear market). Amazingly we have gone
up +20% over the last six months without a correction. That is a
hefty move making some folks anxious for when the next correction
will come. And many wont climb on board the bull until they get a
correction to make it all the easier.
However, stocks leapt over 1600
with gusto. Even bad news is good news because it means QE will
keep flowing which is feather in the investors cap. So it's hard to
say what will bring down stocks...and when?
Now let's see what you guys think
about when stocks will correct:
1) The current level around 1620
is all she wrote with correction soon on the way.
2) Make it up to 1650 before next
correction.
3) Make it up to 1700 before next
correction.
4) 1750 before next
correction
5) Other
Take your pick and then be sure to
explain why you think this is the case.
SPDR-DJ IND AVG (DIA): ETF Research Reports
ISHARES TR-2000 (IWM): ETF Research Reports
NASDAQ-100 SHRS (QQQ): ETF Research Reports
SPDR-SP 500 TR (SPY): ETF Research Reports
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