Okay, I agree that 10% is probably a bit severe, but why not closer to 5%-7%....Then again, last Spring, we got a 10%+ correction when many didn't think it would or could happen -- and Asia was not a concern at that point....
Again, my basic question, why do you think that this is just a minor blip of profit taking as opposed to the beginnings of an overdue correction. A good case can certainly be made for a correction...i.e., earnings worries, Asia, etc...
Perhaps, it is too early to really know if this is just profit taking or the beginnings of a normal correction...but, again, personally, I think we are due....
Troy |
