www.marketwatch.com/story/investors-are-increasingly-looking-for-that-overdue-selloff-in-stocks-2017-03-18 Investors are increasingly looking for that overdue selloff in stocks S&P 500 on longest streak without 5% pullback in more than a decade Published: Mar 18, 2017 8:01 a.m. ET
I've been waiting for that health restoring 10 to 20% correction for a long time. We may have had it in the form of low growth for so long. For a while there, the mkt didn't go down but it just stalled out for a year. So if you go back to the bottom we were starting really low. Without that fiasco we are probably about where we would be in a "normal" mkt (if there is such a thing) if you bypass the crash.
Pekelo, at this point on what do you base the 15th as the turning point? No confirmed lower lows have been made. Similar to many pauses we have seen over the past few years it seems.
We might get a minor pull back which will be bought because the long term trend is still intact. You ask why the market have not pulled back for the last ten years or so? I tell you why....Because, my friends, the "Blood Suckers" counted trillions of dollars worth of unhatched eggs during the real state down turn and they are still trying to cover that debt. Thus, we might see the Dow 30,000 after all before any a real down turn, which explains why Goldman Sachs has its tentacles all over the White House and the Treasury department and not to mention the Fed! Live and learn
If that's true, then it won't happen. I question whether it's true due to VIX. There is no fear in this market. Investors overall seem very complacent.
I'm long and I have been since 2006. It's been great. Everybody was afraid of stocks. I lived through that last .com bubble. We were REALLY complacent back then. I'm starting for the fist time since to see complacency resurface. Not so much in others, but in me. The other thing I watch for that was common back then was the constant readjustment of the definition of "high P/E." otherwise, I see no sign of a recession so I stay 100% long (unless the government goes broke officially and not just broke like it is now and has been since 1776.)
they've been waiting for a sell off since the bottom in 2009 the russell 2000 was down 25% off the highs last year, so the selloff happened and it's back to new highs now it's a matter of time until the bear market comes
The NYSE margin debt has once again exceeded $500 BILLION DOLLARS (a level seen twice in 2015 and twice in 2016). Compare the rise in margin debt vs. the S&P (see links below). It will be interesting to see February/March 2017 data hit the $500 BILLION+ market, or if investors are slowly unwinding their margin positions, even after the S&P hits record highs. Resource links: http://www.nyxdata.com/nysedata/asp/factbook/viewer_edition.asp?mode=table&key=3336&category=8 https://www.advisorperspectives.com...a-new-look-at-nyse-margin-debt-and-the-market