Closing In On 10% Correction
The market is down again, as it looks like we might actually get our first full 10% correction in the S&P since the rally began in March 2009. We almost did it earlier this year, but we stopped short. I think we’ll get our correction this time, but I’ve been wrong before.
If the Euro continues to tank, we will probably see continued weakness in equities. Some project we’re heading towards a 1 to 1 parity with the Dollar and Euro. If so, look out!