What is next for the stock market now at record highs.
Since we are in a bull market , the dow jones will not be "crashing" until the FEDERAL RESERVE deems consumption to be too aggressive which will be around the year 2017, but between now and then there will be "margin" corrections, this happens when the FEDERAL RESERVE decides there is too much money loaned out to "margin buyers" , it is the easy way to bring down stocks which only lasts until the "margin calls are finished". In the short run the dow should rise to 15991 by Aug 2-16, 2013 at that time I will be watching for a 2.1-3% correction then of course recover quickly to more record breaking highs, in all when its all over in 2017 the Dow will be close to 21000. Expect to see the VIX index to fall to 10.20 to 12.00 this will be the range for calling the next market top with the DOW JONES 30 pushing 16,000. Let's remember the "greedy" shorts who now must cover their losing bets at record high prices. This new high will be broadcast by many mass media outlets beyond CNBC into mainstream America, a sense of economic calm will emerge, creating the next push forward into record territory, remember this too....buy the fear, sell the low VIX.