What's Your Opinion on the Possibility of Market Correction Based on S&P500?

What's your opinion of a market correction from now until end of 2014?

  • Nothing more than 2% pullback is possible

    Votes: 3 23.1%

  • 5% pullback is due

    Votes: 3 23.1%

  • 10% pullback is due

    Votes: 6 46.2%

  • 20% or more selloff in the card

    Votes: 1 7.7%
  • Total voters
    13
  • Poll closed .
Lawrence Chan said:
A mid-year poll to see how the sentiment goes at ET.
More...

No sentiment for me... give me exact date and price of SPX and I will write my probability :)
Or give me date na probability and I will write my estimated price(s) ... etc.
 
I won't play the "opinion" stuff... my job everyday is to recognize and act upon real-time sentiment.

What I will say is this... Thus far over this 4th of July weekend, the owner of my local smoke shop (yup, I'm a vaper) struck up a conversation with me (he knows I'm a trader) about putting money in the markets. Next a neighbor entertainer friend (who also knows I'm a trader and a vaper) asked me how and where to open a forex account. He's recently heard "things" about trading forex and the dollar. Both conversations seemed to have been sparked by rosy news stories and general peer-to-peer chatter.

My guess (not opinion) is the taxidriver stock confessions and hairdresser investment recommendations are yet to come.
 
First estimate GDP will be an anticipated media event and a +3 % print will take SP500 higher. The 2nd and final revisions dont matter.
Release date Jul 30. Soon.
 
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