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Correction Imminent?
Old 01-24-2013, 10:38 AM   #1
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Correction Imminent?

The stock market has been going straight up lately. Does anybody think a correction is imminent, and when a good entry point would be? Thanks.
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Old 01-24-2013, 10:42 AM   #2
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Yep, equities look exactly like the Venezuelan beaver cheese futures market right before it crashed. Be afraid, very afraid.
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Old 01-24-2013, 10:47 AM   #3
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Thank-you for not asking about an EXIT point ...
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Old 01-24-2013, 10:51 AM   #4
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Originally Posted by rembrandt View Post
Does anybody think a correction is imminent, and when a good entry point would be? Thanks.
I'd suggest the best entry point is at the bottom - but I don't think we're there just yet...
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Old 01-24-2013, 10:53 AM   #5
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It can't last forever.

Meanwhile, I must admit I am absolutely thrilled every day when I see my portfolio balances!! Wheee....!!!!



What a great ride!
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Old 01-24-2013, 10:53 AM   #6
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The stock market has been going straight up lately. Does anybody think a correction is imminent, and when a good entry point would be? Thanks.
Define "imminent"...
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Old 01-24-2013, 10:53 AM   #7
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Wheee....!!!!

Uh-oh, that's the sell signal!!!
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Old 01-24-2013, 10:56 AM   #8
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Uh-oh, that's the sell signal!!!
Exactly!
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Old 01-24-2013, 10:57 AM   #9
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Imminent- within 3-6 months.
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Old 01-24-2013, 11:04 AM   #10
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If not stocks, where do we put all this printed money?
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Old 01-24-2013, 11:08 AM   #11
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If not stocks, where do we put all this printed money?
Forex?
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Old 01-24-2013, 11:13 AM   #12
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You asked for imminent, you've got imminent.

Quote:
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Wheee....!!!!



What a great ride!
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Old 01-24-2013, 11:15 AM   #13
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It can't last forever.

Meanwhile, I must admit I am absolutely thrilled every day when I see my portfolio balances!! Wheee....!!!!



What a great ride!
Oh, no Mr Bill.
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Old 01-24-2013, 11:15 AM   #14
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Uh oh. We've been wheeed on...
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Old 01-24-2013, 11:17 AM   #15
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The Dow has dropped to 13,818 from the day's high of 13,880. Here we go!
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Old 01-24-2013, 11:30 AM   #16
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Party Poopers!
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Old 01-24-2013, 11:33 AM   #17
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No, no, no. It must continue! I'm actually starting to feel somewhat wealthy (at least by my modest standards).
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Old 01-24-2013, 11:49 AM   #18
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Good entry point? March 2009 with the Dow around 6500. More current times? Who the heck knows.
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Old 01-24-2013, 11:54 AM   #19
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It can't last forever.

Meanwhile, I must admit I am absolutely thrilled every day when I see my portfolio balances!! Wheee....!!!!



What a great ride!
Well, I must admit you showed quite a bit of restraint this time!

Thanks for waiting to party until well after the first week of the year.
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Old 01-24-2013, 12:07 PM   #20
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Did you all notice that the peak of the market corresponded EXACTLY to the time W2R posted her Wheee....!!!! comment. Down almost 80 points since that very instant. I stand in awe of W2R's power to dominate the markets...
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