they been talking correction for months now. there will be no correction, whenever people expect the market to do something, that just means it wont happen. As for VZ, if you really believe the stock will drop 10 points ( which means a 30 month low), then you should be shorting it very heavily. In 2-4 months, I will see YOU at $53.
actuallly , we have had 3 or 4 corrections in the pas 18 months , ya just can't see them ...
the talking heads like to speak of "new normal" ,but have little idea what it actually means ..
as for corrections ..... what actually happens with a correction ? the market goes down , whatever
% you want , and when it gets traction again , there are different stocks moving higher and others
tanking .. it's also call a rotation ..
WELL . in a strong bull market , the corrections (or rotations) take place on the run and you don't get
much more than 5% down .. I would expect such to continue until the FED begins to raise
short term rates, but as long as the fuel is not clogged up , this economy is going to roar ... g