Dow needs to get to 15,000 to make it an official 10% correction (which I am hoping for). PSEC releasing earnings in the middle of a correction could increase its volatility on share price. GLL.
Into this house we're born
Into this world we're thrown
Like a dog without a bone
Like an actor out on loan
Riders on the storm
Don't worry, your wish will come true.
If the Fed continues to reduce 10B each month in bond buying, after August 2014, they will completely out of the QE business, who will support the market then? Earnings? LOL
This is a normal sell off exacerbated by foreign currency issues. I believe that the sell off will bring the market down-5 to 7.5 % and move upward from there. Time to take some profits.
Dow needs to get to 10,000 to make it a 35% correction (Which i am hoping for) a Dow of 8000 a 50% correction would be better but i don't expect it to go that low. I am a Chinese investor with a lot of cash,i don't want to buy any more U.S. Government debt, looking to buy up as many American companies as i can instead.I am also buying as much American gold as i can let us hope gold prices go down in this correction also.
We are in a correction right now, and it can easily turn into a bear market. Quantitative easing raised the market 1000s of points. How much has to be given back is unknown. I agree that if PSEC has any grey areas in their report they will be hammered. Wait for the release before acting.
I have a question for you, QE raised the market becasue of devaluation of the dollar by 40% that revaluation will not happen instead we continue to devalue even with the taper and the sell off is only due to the slowing of that devaluation but will be short lived unless we go into a recession due to the inability of our president to pass any bills that have anything to do with business growth rather than welfare.