re: the "correction" seems to have begun.....how low do we go? prediction thread

Thanks, YWA. I wouldn't necessarily say "I'm in the know," but I try.

As for the correction, I don't think we are entering one. Kind of think the OP jumped the gun just a little to say the least, since the SP500 has posted a slight gain over the week (fingers crossed till 3pm). That's not to say his thought process was wrong. However, it was. We still don't have anything tangible regarding interest rates just yet. I do think irrational sentiment in response to an interest rate hike could provide some attractive buying opportunities going forward.

Let me know if you have any other questions.