three year candlestick chart correction size - 125
20% takes us to 125
where it probably bounces in a major way, so that they can steal 401K money
but, it is up higher than when it corrected previously, so it might work its way down to 105 roughly over time
also, consider the cuts in spending, the fed is cutting wages by 20% for civilian employees
states are laying off teachers
this "free" trade thing and entitlement party caught up to Europe (Greece) and is now catching up to us.
give it time, Sell in May might come early this year
the only thing that can hold it up is inflation, the change in the money supply
face it, stocks go up, stocks go down
stick around too long on the long side and watch your profits evaporate
am I making any sense?
yes you are making sense in pushing people to short the market, and these rich guys will see the short interest and will not sell and they will instead add to their profits by selling all kinds of in the money and out of money options and eating speculators money. You are fueling the bull by increasing short interest which computers detect and bull go higher!
A drop to 125 would require the a flock of black swans to convene at the pond fronting Ben's residence. These are very shy animals and you rarely even see one appear at any given time and location, let alone dozens at the same spot.
It fell about 20% twice, but started from a lot lower level
20% might just be a bounce on the way down
why: austerity, furloughs, cuts already made, PE's on their way up, stocks go up and down all the time (they went up, now time to go down), some crazy event (Iran, Israel, Korea, .....), ....