Market corrects and then we hear the doom and gloom double dip argument. Well after a market rises over 1,000 points a correction off that is to be expected. And with those computer algorithms at work it happens in a day now instead of weeks. I actually hate listening to Bloomberg radio. Not because of the underlying content, but because of Catherine Cotterie (or however you spell her name). It isn't personal to her. it is listening to the noise she has to make while reporting the numbers. When the market is up we hear "the market is rising on expectations that the global recovery is in full swing." And next day when the market is down we hear "the market is down on concerns about the global economic recovery." Please, just give me the numbers, not the silly scripted suppositions. [more]
I am just curious how people classify themselves at this point. The bull market apparently peaked late April. It then seemed to bottom after an approximate 16% correction. It has been doing its summer rally routine now. The real question is where to from here. I think I know Porte's answer, but am curious where the sentiment lies with the rest. Do we double dip or no?
My answer is no.