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Direxion Daily Emrg Mkts Bear 3X ETF Message Board

  • wise4us wise4us Apr 8, 2010 9:59 AM Flag

    Standards and Poor says Price correction coming

    and it will hit sooner then you think. Read On.

    "We still believe that the stock market is close to peaking and believe the risk far outweighs the reward at this point," the firm said in a research note. "Stocks are extremely extended on both a price and time basis, and in our view a pullback or correction could begin at any time."

    The most likely scenario, S&P said, is for a 10 percent to 15 percent fall into summer/autumn or the first quarter of 2011.

    I think this means its buying time.

 
EDZ
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