Randolph Kinney
Elite Member
- Joined
- Apr 7, 2005
- Professional Status
- Retired Appraiser
- State
- North Carolina
OH OK, I get it. I know that the S&P is still going to try to hit 1400, but this is an intra correction. This correction may give some a chance to make some nice positions. But the wait is a pain.
Here's something for you to consider; the Dow has managed to rally sharply over the past two years and currently trades 12.5% below its 2007 non-inflation-adjusted, all-time record high.
So what's changed to cause or create such value in the stock market? We still have a weak recovery, high unemployment, ongoing foreclosures, commodity price spikes, debt crises, geopolitical issues, etc.
Looks like the market has thoroughly discounted all the good news possible going forward for 2 years. I wonder if disappointment will show up along the way?
Ever hear of a black swan event?