Will We Have A 7% Or Greater Correction By August?

Will We Have A 7% Or Greater Correction By August?

  • Yes

    Votes: 32 43.2%
  • No

    Votes: 30 40.5%
  • Only If CNBC Commands Their Flock To Sell

    Votes: 2 2.7%
  • Correction? What's That?

    Votes: 10 13.5%

  • Total voters
    74
Quote from SiSePuede!:

Really? Isn't a market top defined by there being a top and turnaround in the market? That whole bullshit about "defined by euphoria, and not fear" is just some stupid old adage that you are ignorant enough to believe. :D


Lmao. So what exactly is a "turnaround in the market"? A 2% intraday drop? A 10% correction? Or do do you wait for your portfolio to lose 50% of its value before realise that "the market has turned around".

Market tops have always been defined by euphoria. Name me a major market top that wasnt defined by euphoria and extreme complacency. There is none.

...and if you still can't understand that markets can top even if many are fearful, and clearly ET posters are not a sample of the majority in the marketplace, then you deserve to continue thinking that.

LMFAO. ET posters are not a sample of the majority in the marketplace? Maybe they arent but what makes you think that they are smarter or more saavy investors than the average joe out there? Most of them are probably net losers cos they have been permashorts for the past few months, at least the average Joe has been making money for the past few months.

Perhaps the market will really top out if the stupid shorts on here will stop selling into every single fucking rally.

:D
 
Quote from ByLoSellHi:

It would only be a 990 point pullback on the Dow, 105 on the S&P, and 182 on the Naz.

Does the 7% drop have to happen in one trading day? If so, then I'd say no...but it sure is likely over a few days to a week...
 
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