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Tag Archives: correction

January 26, 2007

You can feel the tension rising! Stock prices tried to break out to the upside this week, and the Dow indeed made a new multiyear high on Wednesday. But the market fell back sharply as investors started to worry that share prices may have climbed a little too far, too fast.

November 3, 2006

Healthy dip! Stock prices pulled back this week after five straight weekly gains, but it was hardly a washout. In fact, the Standard & Poor’s 500 index gave up less than 1% from last Friday’s close. So far, it looks as if the market is undergoing a normal, and very healthy, midcourse “correction.”

Hang on to Your Feathers!

It looks as if the nasty little “correction” that began on Wall Street in early August is blowing out to a climax. Expect some sharp intraday swings over the next couple of days. When the dust settles, though, the traditional year-end rally should be ready to kick in.

Bond Signal Approaching

Anxiety is building in the bond market — a sure sign that a good buying opportunity isn’t far off.
Traders were greeted this morning with the unpleasant news that import prices shot up 2.3% in September. If that pace kept up for a whole year, we would be looking at a 30% inflation rate in foreign goods. Shivers!

Glad for That Cash

So you thought I was kidding? Back in our September issue, I cautioned that the stock market’s “correction” off the August highs could continue not only into September but October as well. Sure enough, that’s what has happened, with the S&P 500 closing today at its lowest level since late June.

Energy Shakeout Coming

Will these oppressive energy prices ever calm down? It’s a thought on the mind of every stock investor these days as prices for oil, gasoline and natural gas (the real “screamer” of the three) flirt with all-time highs.

Too Soon for Too Bad

OK, I know America has had to deal with some pretty grim news lately from our great Southland. The troubles in Iraq don’t seem ready to go away yet, either. (Here in London, where I’m writing from, Tony Blair is taking a pounding for his support of GW.)

Katrina Flattens Bond Yields

The grim pictures of Hurricane Katrina’s devastation are seared into America’s psyche. And now the gas lines! But have you seen what’s going on the bond market? It’s as if a hurricane blew into the Treasury sector, too — and knocked yields flat.

The Long-Term Investor’s Dilemma

We’re at the point in the stock market cycle where long-term investors face some tough choices. The “summer siesta” I told you to expect is almost over, and a brisk rally into the first half of September should soon get under way.

The Long-Term Investor's Dilemma

We’re at the point in the stock market cycle where long-term investors face some tough choices. The “summer siesta” I told you to expect is almost over, and a brisk rally into the first half of September should soon get under way.