Hello thread, I noticed this from a poster...
I wish I can be as optimistic on the scope of the correction. The concern I have now is a total meltdown type correction. Growth fuels growth and vice versa. We may be facing "vice versa".
Folks, you DO NOT have a total meltdown with the long bond trading at historic lows. Here we go again this morning, S&P and NAZ futures up strongly and a huge bounce yesterday in NAZ. Again, buy on the dip mentality wins again...I also believe that because we have seen a "meltdown" in the semi equip stocks lately, some people on this thread believe (or hope <g>) that this meltdown will transfer over to the large caps, I don't see it. Remember, KO was over valued at $48 last fall, hell, they just cut their numbers yesterday and it barely reacted...
Again, if we go lower, we drift lower, IMHO, we do not correct massively with long bond at 5.65%. Probably back up today!!
MileHigh
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