And their analysts said they think a correction is coming as soon as Feb. I should have listened and sold my stocks. Sold today though....I'll purchase later. With China doing as bad as they are, I can't see our industries selling as good as they have been. China has been major buyers of our industrial products and commodities.
Yes, that's true. But I like to take my money out before the correction and buy back when it looks like things are going back up.
On Squawk talk, David said that history shows every time there is a change in the fed, the mkt has always gone up or down 10%.
Was exclusively in gold and cash. Bought a nibble in bonds yesterday. Believe 2014 will display a reversal in equities and a rush to safe haven, if even momentarily; we'll be position to take advantage. Thoughts? GLTA.
Good timing. I have 40% of my portfolio in stocks thinking it's conservative enough, but over 2% decline in a day really sucks. Will see next week if i have to rebalance again this month.
Hopefully you have held your stock position and even added to it during the recent pullback, the rest of February will be interesting and the Feb jobs number reported in the 1st week of March will be telling. I feel that the unemployment rate will most likely edge up 1 tenth of a % point, perhaps 2 tenths, but its all noise in the bigger scheme of things. By July of this year the UR will be lower than it is currently and tapering will almost be complete... if the market is still going strong at that point then I see S&P 2600 by 2017.
The S&P companies profits were up 5+% in 2013, the S&P index was up 28%. The main reason for this was the FED pumping in one trillion dollars in liquidity last year. It looks as there may be a rebalancing of the indexes at play...yet, the FED is still pumping 75 billion a month in liquidity which will put a floor in equities. With the FEDS involvement this dip will be bought (again). Until they exit the markets it will be tough to short the market outright.