I don't think the market is over bought, but there are more stocks at full value. Resources will always rise and fall on fear and bravado- check out BHP chart. Some sectors like nanotech stocks are just starting to be noticed in the US and here, like PSD which was solid today. Gold will reflect the strength of the US dollar. Australia has a fairly cautious group of investors in general, and small corrections are just part of the trip. This slide began with US reaction to the attack at the embasy in SArabia. Stop Losses are relatively new mass phenomena and they shouldn't be set too close to likely intraday price movements. Ramping down is a fact and there are plenty on this site. Take care, and remember this is a very over reactive time of the year when people are stressed and over worked in a mental sense, and the market is just as likely to rise in the coming days. The economy is healthy in general.
