The Chinese PMI data was just an excuse, this correction has nothing to do much with the Chinese data or any other variable from an external source. It was a long over due correction for the market.This correction will take out all the fluff from the market,There were lot of stocks which were running on rocket fuel provided by the QE 3 and the removal of those will only strengthen the market in the US as well as in our own local market.
Earnings will now begin to play a role, greater revenues and profits which can be maintained , will lead to the growth, of the Index.The ratios will need to be corrected to give a true reflective picture.Not a picture of an index running on steroids...
Both the DIJA and the S&P have broken crucial levels or rather sliced through them.They will head to the next likely support? Will we see 1770 in S&P? the Dow closes nearly 700 plus points down this week. How much more in store ...this correction is supposed to be shallow , if this is shallow then imagine what a deep correction is....
For all we know we might see DIJA CLOSING 300 POINTS DOWN?
Earnings will now begin to play a role, greater revenues and profits which can be maintained , will lead to the growth, of the Index.The ratios will need to be corrected to give a true reflective picture.Not a picture of an index running on steroids...
Both the DIJA and the S&P have broken crucial levels or rather sliced through them.They will head to the next likely support? Will we see 1770 in S&P? the Dow closes nearly 700 plus points down this week. How much more in store ...this correction is supposed to be shallow , if this is shallow then imagine what a deep correction is....
For all we know we might see DIJA CLOSING 300 POINTS DOWN?