Thursday, March 27, 2014

Is this the correction, or more like a coming crash?

That's a MarketWatch headline: "Is this the correction, or more like a coming crash?" Answer: Neither - this is just a mini-correction. Who knows, maybe sometime later this year we might get a true correction (10% decline), but what we are experiencing now is just a faked correction – a lot of hot money (hedge funds) deliberately trying to pile on and push prices down. Sure they can do that for awhile, like they did in January, but soon enough they will run out of steam (money they are willing to allocate to cover short positions) and the market will bounce.
 
-- Jack Krupansky

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