I wouldn't bet on the downside mate, until we have higher interest rates from the fed, and even then i'd be mighty careful. This market looks very bullish and seems like there is plenty of money on the buy side right now.
As the brilliant Mart Zweig ( http://en.wikipedia.org/wiki/Martin_Zweig ) was fond of saying -- often and with conviction -- "Don't fight the Fed." Investors and traders are much more prone to hold and even increase their speculative positions when money is cheap as opposed to dear. Fixed income returns are low in times of cheap money and that tends to encourage the buying of equities. You may disagree with what I have just stated but be aware that the overwhelming majority of successful investors and traders subscribe to that point of view.
The Fed is neither here nor there. I would say: don't fight the market! The Fed was cutting aggressively from 2001 but the market still kept falling.
+1. No matter what the Fed does the market has never been, and never will be, a perpetual motion machine.
I think now we are officially are. Especially when CNN money and Yahoo finance are telling to the crowd do not to panic. Just check these titles: "Don't get caught in the crowd as fear builds" - at http://finance.yahoo.com/news/macke--don-t-get-caught-in-the-crowd-as-fear-builds-121813063.html and "Earth to investors: Don't panic!" at http://money.cnn.com/2014/08/01/investing/stocks-markets/index.html?iid=HP_LN Just updating the chart I posted when I opened this thread (see first post in this thread): chart courtesy of marketvolume.com I posted my personal opinion yesterday at the "Correction Down..." post
I knew this was coming....on the DOW at least. I understand that some here aren't fans of T/A but the price action confirmed it for me on the 25th. Of course it all sounds like hindsight now, but here's where I made the call on the 16th via Facebook. I was wrong on the long-term direction of treasuries although the treasury market did rally strongly the following day.
Depends on time frame; + other things Citigroup is actually a penny stock, because they reverse stock slip 10 times, above average sell volume....................................................................................................................................