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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: John Pitera who wrote (14190)6/20/2013 3:53:01 PM
From: Jorj X Mckie  Read Replies (1) | Respond to of 33421
 
JP,
Our economy is messed up for certain, but it's important to remember that things are never as bad as the bears think and never as good as the bulls think.

It's time for a correction. I've been saying "sell in may" for a couple of months now.

The S&P is up 13% since late February. Nothing like a little dramatic 2.5% pullback to put some healthy fear back into the market.

Some may call this an opportunity. It's an opportunity on the dark side and it's an opportunity to buy at lower price if you want to play on the light side.

I'm not bullish at the moment, but this ain't the end of the world.....yet.