It is heathly for market to have a correction every few hundred points; nothing goes up continuosly. Personally, I think we are in a normal correction, not a crash. The weak ones will exit while this provide those who miss the last rally and the sronger investors will come in. I think we are in a bull market. This will also provide the "energy" for the next run up. And Obama will have a hard time to push through the bank reforms unless he can convince Congress which may be quite tough for policital reasons. I'm not a stock broker or analyst, just my man-on-the-street opinion.
It is heathly for market to have a correction every few hundred points; nothing goes up continuosly. Personally, I think we are in a normal correction, not a crash. The weak ones will exit while this provide those who miss the last rally and the sronger investors will come in. I think we are in a bull market. This will also provide the "energy" for the next run up. And Obama will have a hard time to push through the bank reforms unless he can convince Congress which may be quite tough for policital reasons. I'm not a stock broker or analyst, just my man-on-the-street opinion.
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