Expect a Long Slog Ahead
The pop arrived Tuesday, exactly as it should have done after Monday's steep slide. Still, I'm getting the same question now that I seem to get during every correction: How far down will the market go?
Well, let's stop and think about this for a minute. Let's say that, on the other end of things, the upside had been projected to be 1520 on the S&P 500 -- which the index neared or exceeded during each of the first three weeks of February. You would have been rather antsy about the upside for those three weeks, wouldn't you? You may have even used those points as selling opportunities. Yet, if you go back and have a look at that chart, you'll see a market that stalled out the third week of January, followed by three to four weeks of churning....494 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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