A new direction, or just another dip?
Since I've been horribly wrong over the past year in terms of my forecasting, I'd pretty much given up hope on this account and on my economic outlook. I still believe the economy is terrible and should resume contracting, but the market has been telling me I've been wrong for ages. Now, I've had two +1000 point days this week and it appears the market may finally be correcting.
What's people's opinions? Is this a buying opportunity or are things finally turning? The one upside I've had is that I've been bearish on the Euro since it touched 1.45 last fall. That's at least redeemed some of my losses from the broader market. That said, it's been a rough year for me investment wise, and I'm curious to know what you all think this latest correction represents (if it represents anything at all.)