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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: chainik who wrote (288064)	11/3/2010 12:50:35 PM
From: skinowski	Read Replies (1) \| Respond to of 306849

even a modest (5-10%) correction will be sufficient to switch the mood back to the gloomy side. Agree - it doesn't take much for the mood to change. And indeed, in the context of a continuing Bull market such a mood "correction" would be a good buying point. However, if the larger trend would actually change, then the mood would remain gloomy and "oversold" for a long time. If (IF) the 2009-10 rally will eventually prove to have been a correction (2 or B), then it most certainly accomplished what it had to do -- at this time it is hard even to imagine the possibility that the markets may seriously test - leave alone break - the 2009 lows. You mentioned commodities. I suspect that Rogers may be right. With a growing global population - and more importantly, with 100's of millions of people emerging from the (economic) stone age and into the modern world - the odds seem good that the secular bull in commodities will continue.... maybe after significant setbacks.