The "coming correction" has got to be one of the most OVER-PREDICTED we've seen in a long time.
My conclusion: IT WON'T HAPPEN!
The Dollar has been performing "miraculously" lately. And, as long as the Fed has a few miracles left, why should the market go down.
There is absolutely no sign that the Fed is going to raise rates anytime soon, and as long as the bond market is properly managed by the Fed and other central banks, that's A-OK.
Finally, mom and pop are piling back into stocks like nothing seen since the bubble! Mutual Fund inflows are at all time records for the last few months.
Wall Street never gets unpleasant when mom and pop are flocking in!
MY HUNCH IS THAT THE OVER ALL AVERAGES GO UP. PERHAPS SLOWER THAN WHAT WE ARE USED TO. BUT NOT DOWN. NOT NOW.....
MAYBE A CORRECTION IN MAY, OR EVEN LATE APRIL AFTER ALL THE PENSION MONEY IS IN.........BUT EVEN THEN;
THIS BULL MARKET CONTIUNES AS LONG AS RATES STAY AT 1%, THE BOND MARKET IS SUSTAINED, AND THE DOLLAR/EURO STAYS BELOW 135.
PUT ANOTHER WAY, ON THE SURFACE THE MARKET LOOKS OVER-DUE FOR A CORRECTION.
BUT, UNDER THE SURFACE, EVERYTHING POINTS TO CLEAR SAILING!
GREENSPAN IS WORKING HARD EVERYDAY TO MAKE THE WORLD SAFE FOR MORE MULTIPLE EXPANSION.
AND FOR THAT, I GUESS, WE SHOULD ALL BE THANKFUL.
