A stock correction is officially labeled as a decline of at least -5%, but not greater than -20% (beyond that is considered a bear market). Amazingly we have gone up +20% over the last six months without a correction. That is a hefty move making some folks anxious for when the next correction will come. And many wont climb on board the bull until they get a correction to make it all the easier.
However, stocks leapt over 1600 with gusto. Even bad news is good news because it means QE will keep flowing which is feather in the investors cap. So it's hard to say what will bring down stocks...and when?
Now let's see what you guys think about when stocks will correct:
1) The current level around 1620 is all she wrote with correction soon on the way.
2) Make it up to 1650 before next correction.
3) Make it up to 1700 before next correction.
4) 1750 before next correction
Take your pick and then be sure to explain why you think this is the case.
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