Monday, June 15, 2009
Is This the Corrrection?
As of 10:30 a.m. Central time, the Dow is down just over 200 points. Is this the correction I predicted to start a month ago? Or, perhaps it's a buying opportunity. Actually, it's probably both. A true correction is 20 percent from the peak of 8700 on the Dow, which means it must drop to the 7000 range. I doubt that's going to happen. So far, my market timing has been off but my prediction of the trends has been close. (If you're keeping score.)
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