Wednesday, November 14, 2012

Market correction: 9% and counting

So far the price movements of the S&P 500 index are consistent with a simple short-term correction.  There was no crash-predicting signal at the September-October top, and there's no indication (yet) that this is a bear market.

Longer term indicators, however, are pretty bearish.  Even if this current correction proves to be short-lived and the market resumes rallying, the only thing that might encourage me to get back into the market would be the threat of hyperinflation.

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