You have to be careful of group thing here but most of the smart guys I talk to are calling for a correction soon.
They all had said we will make a nominal high around this 5,000 and I guess just because that's around number & we would have a selloff in Feb.
I wrote about this months ago-- Look for Valentines Day Massacre. We are ticking up to that point in perfect fashion.
![]()
Fundstrat's Tom Lee says investors should brace for a correction.
A stock market correction appears imminent after the S&P 500 rallied 21% over a 14-week period, Fundstrat's Tom Lee says.
- Lee said history suggested the market was about to reach a short-term peak.
- He said the S&P 500 might reach "5,000, maybe a little higher," but "a drawdown follows."
TO THE DAY ALMOST!!!
9:06 AM