What are you talking about? One of the things I find funniest about all of these "Free money" threads is the idea that there is a textbook, unquestionable definition of "dip". When exactly do you guys "buy the dip"? When it's 5 pts., 10 pts., 15 pts., etc. in the S&P? Let me guess, you buy at the low of the day because it's so easy to see? Do you hold it for seconds, minutes, hours, days, weeks, months, years? My guess would be you hold it for as long as it takes to make a profit, right? Saying "Buying the dip has worked since 2002" is assinine. It all depends on the time frame, what you define as a dip, etc. Didn't we have a dip or two on Monday? Well, if you bought that dip and sold yesterday or today, it didn't work, did it? I won't even get into "it so fact so"....
Of course. this is NOT a selloff. It's not even a dip. it's a mere fluctuation. Buy now while you still can!
The last big selloff was in 2000 There have been moderate selloffs between 2002 and now but they been sporadic, unpredictable events. Not too many people saw the Summer 2006 correction. It just came out of the blue. The nasdaq lost 100 points in a week in May 06. Valuations aren't absurd, the fed will keep it mellow, tensions in mid east are settling down, oil wont go above 80.
I think 10 year being close to 5% is more a result of China diversifying out of US treasuries than inflation. Every inflation report over the past 2-3 years has had little to no effect on bonds but when theres talk of the Chinese selling, bonds yields float upwards. I'll take whatevers causing them to float upwards, I need parking spots for cash.
bull market has been going on for the last 4.5 years. A 10% correction should not surprise anyone after seeing nearly every market around the world up over 250%.