Wow, most commentators see a need for a "correction" after such a long run, the DOW has fallen for a few daysys and suddenly the guru's are out trying to be first to signal a down-turn (not a "correction" a "downmturn").
Well, here's my prediction - DOW to yo-yo for a week, then rebound slowly and continue its run, albeit slowly. On the other hand, October is traditionally a "down" month because of the historical connection - those US investors are a superstitious lot!.
But then again, on the other hand, IPO's are on the up and so there are mixed signals...
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- market ready for a multi week correction
market ready for a multi week correction , page-35
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Shanthar Pathmanathan, MD
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