First things first: Don't panic. The raging, grinding bull markets are "officially" in correction territory.
It's a healthy thing.
Though I've been consistently bullish in my outlook over the past year or so, I've said that a 3% to 5% dip in the markets might be in order and that a correction like this would be welcome.
Why? It's not that I enjoy watching stocks fall… unless I'm planning to recommend that my readers play the "rubber band snap" (although, I did, and they made a quick 50% gain).
Rather, this downturn is good for the simple reason that we needed to see that capitulation.
Let me show you what I mean, and why this week's rough sledding has been a good thing, even in the very short term.
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About the Author
Nationally recognized technical trader. Background in engineering, system designs, and risk reduction. 26 years in the markets.
IT MAKES LOT OF SENSE WITH YOUR ANALYSIS.START WITH MACRO AND ZERO IN WITH MICRO.B.KHANDOR
Thank You.
there are some articles out there that suggest the feds unwinding from QE has something to do with the down turn as it removes capital from the marketplace and it is going to get tighter going forward as they increase the amounts automatically from 10 billion now to 50 billion a few months down the road
sorry, it's just bullsh*t. you miss to see the greatest bubble in history which is just bursting, man! 2000, 2007 and now taught you NOTHING. so you have to be your hands cut off by gilotine crash around 30-40%. other lessons you won't learn.