Correction Imminent?

[rembrandt]

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.

 

[brewer12345]

Yep, equities look exactly like the Venezuelan beaver cheese futures market right before it crashed. Be afraid, very afraid.

 

[tryan]

Thank-you for not asking about an EXIT point ...

 

[REWahoo]

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...

 

[W2R]

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!

 

[HFWR]

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"...

 

[Midpack]

Wheee....!!!!

Uh-oh, that's the sell signal!!!

 

[cinman2000]

Uh-oh, that's the sell signal!!!

Exactly!

 

[rembrandt]

Imminent- within 3-6 months.

 

[GrayHare]

If not stocks, where do we put all this printed money?

 

[braumeister]

If not stocks, where do we put all this printed money?

Forex?

 

[NW-Bound]

You asked for imminent, you've got imminent.

Wheee....!!!!



What a great ride!

 

[grasshopper]

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.

 

[REWahoo]

Uh oh. We've been wheeed on...

 

[NW-Bound]

The Dow has dropped to 13,818 from the day's high of 13,880. Here we go!

 

[Marita40]

Party Poopers!

 

[Major Tom]

No, no, no. It must continue! I'm actually starting to feel somewhat wealthy (at least by my modest standards).

 

[enjoyinglife102]

Good entry point? March 2009 with the Dow around 6500. More current times? Who the heck knows.

 

[audreyh1]

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.

 

[ejman]

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...

 

[jclarksnakes]

The market goes up and the market goes down. Kind of like the tides and waves. You can get a stomach upset if you watch it too closely.

 

[sheehs1]

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!

Uh....Oh.! I think that means ...get ready to sell.....

 

[heeyy_joe]

A market correction is generally defined as a drop in the averages of 10%. I do not see a drop like that for the markets, barring an unforseen calamity or congress screwing up the sequester/budget/continuing resolution thereby causing a market panic. Personally I do not see this as an entry point in general, preferring to wait until May. Might sell some at the money covered calls out to August to generate some cash.

 

[powerplay]

Uh....Oh.! I think that means ...get ready to sell.....

Well I thought it meant we should have already sold!

 

[aja8888]

I think all the Bud Light bottle labels must be in alignment for the market to change direction.