This move down by the Dow (Market) today is possibly because its trying (or has) pre-empted the FED .
The FED is making some "noise" and initially its spooking the Market.
Whats needed is action not words/talk from the FED, to allow the Market to readjust with it along the way.
Its going to take time and at least a 10% plus pullback could be on the cards sometime this year/soon.
From now till the end of March will be interesting for the DOW.
This selloff could be an overreaction because the Market at times can jump at shadows but the writing is on the wall that the FED is saying they have to reign in the overall pace of the economy and its coming.
Nothing lasts forever and the Market needs to stay healthy with occasional rejuvenation (pullbacks) while the Bull/Super Bull Cycles play out.
Short term pain for long term gain.
We're going through changing times and its a plus for the Markets.
How long it last depends on ????????????????
My simplistic opinion only but no matter what atm, the Dow (Market) will go higher in time (until a major unknown event), pullbacks are needed and it all depends on how controlled the FED can do it with no knee jerk reactions.!
