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Stock Market Correction question
Posted on 7/9/15 at 8:58 am
Posted on 7/9/15 at 8:58 am
Are we seeing the expected correction now or is this strictly because of the EU/Greece/Spain issues?
Posted on 7/9/15 at 9:21 am to NoleTideNole
This bull can't be killed. Don't get your hopes up.
I think the main concern now is China, then Greece, then interest rate hikes/Iran nuclear plan as it relates to oil price.
I think the main concern now is China, then Greece, then interest rate hikes/Iran nuclear plan as it relates to oil price.
Posted on 7/9/15 at 10:18 am to bayoubengals88
Thanks for the info, newbie so wondered if it could/would all happen at the same time so I don't have to go on another roller coaster ride like this again in a few months.
Posted on 7/9/15 at 10:29 am to NoleTideNole
If any of us knew the answer, we'd be living on our own private island
Posted on 7/9/15 at 10:48 am to NoleTideNole
In accordance with what TTT said...he's right. I really have NO idea what will happen.
I just happen to think that based on those factors mentioned we might be ready for a steady down turn. Sure, there will be days that hasten that downturn (last Monday, yesterday), followed by days like today.
But overall, I predict an underwhelming 6 months ahead, if not an outright correction.
Keep in mind that both major U.S. Indexes are only up around 3-4 percent for the past 365 days. We've been slowing down for quite some time.
Now that doesn't mean you should sell a thing. It means save and wait for a good sale on something you like.
Set a target price, and buy. If you didn't time it perfectly, it's ok. Few do.
I just happen to think that based on those factors mentioned we might be ready for a steady down turn. Sure, there will be days that hasten that downturn (last Monday, yesterday), followed by days like today.
But overall, I predict an underwhelming 6 months ahead, if not an outright correction.
Keep in mind that both major U.S. Indexes are only up around 3-4 percent for the past 365 days. We've been slowing down for quite some time.
Now that doesn't mean you should sell a thing. It means save and wait for a good sale on something you like.
Set a target price, and buy. If you didn't time it perfectly, it's ok. Few do.
This post was edited on 7/9/15 at 10:49 am
Posted on 7/9/15 at 3:15 pm to bayoubengals88
quote:
Now that doesn't mean you should sell a thing. It means save and wait for a good sale on something you like.
Set a target price, and buy. If you didn't time it perfectly, it's ok. Few do.
I appreciate both of your candidness and advice. It makes me feel somewhat like I'm not totally screwing up as this has kinda been the way that I've been doing it so far...well except when I've gotten impatient.
Posted on 7/9/15 at 11:19 pm to NoleTideNole
I don't honestly think there's a correction to be made at this point. I don't see a bubble popping. Main thing I see here is bad international news. When that happens people sell. Once a hit has been made then they buy back cheaper(short cover rally). At least that's my thought on it. Long term no need to worry. Short term if you are playing the market, you need to pay attention to the trends. In this particular instance with the Greece crisis, it's usually regarded as a bear and will affect the U.S. Stock market, but most traders will buy back make driving it back up. Just have to play the hand that is dealt, if that makes any sense. All just MO.
Posted on 7/9/15 at 11:41 pm to AUtigerNOLA
I pretty much agree with this statement sans commodities. Be patient
Posted on 7/10/15 at 5:01 am to NoleTideNole
The market volatility is crazy right now. The Greek/EU crisis could easily drive European capital into the US stock market as a better alternative to what they have, sending it to quick record highs over the next 2-1/2 months.
But October has me worried.
But October has me worried.
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