re: Is it buy time?

off 5% from the top, I really can't see a bigger correction people aren't seeing these companies balance sheets. They're incredible these days, companies are sitting on more cash than ever and those with debt refinanced those debts at insanely low rates or issued bonds at dirt cheap rates.

Companies can do huge buybacks now if there is a huge correction, I personally think this is it, I think we still end the year at 16,000 on the dow and bernanke is still printing in january. Do you really think he's gonna allow a huge crash by ending the bond buying on his term?

talk is cheap, let me know when he stops talking about tapering and actually does it, from what i saw unemployment was UP today, not down like he said yesterday. New jobless claims were way higher than expected and this quarter is when we will see sequester effects......no way the bond buying tapered