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Correction Losses Recovered?
A few weeks ago, people were saying that the market had raced up too fast and a small correction was in order.
Over the past couple of weeks the market went from 10,600 down to just over 10,000. The correction people had predicted came true. This was a good investment opportunity since a correction is a minor affair and not a sign of larger losses.
Now the market has been steadily increasing again and we are nearing the point where we had started a few weeks ago.
Does this mean the correction is over and the losses recovered? Will we now see a steady move higher in stock prices unless some sort of huge event takes place?
I have some fear that the problems in the housing market could lead to a double dip recession, but overall I think the market will continue to go up for the next decade.
What do you think?
Over the past couple of weeks the market went from 10,600 down to just over 10,000. The correction people had predicted came true. This was a good investment opportunity since a correction is a minor affair and not a sign of larger losses.
Now the market has been steadily increasing again and we are nearing the point where we had started a few weeks ago.
Does this mean the correction is over and the losses recovered? Will we now see a steady move higher in stock prices unless some sort of huge event takes place?
I have some fear that the problems in the housing market could lead to a double dip recession, but overall I think the market will continue to go up for the next decade.
What do you think?
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Replies to This Discussion
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Permalink Reply by Tom McCann on -
It was a good buying opportunity for this year. Hopefully people took advantage of it to invest because I think the market will continue to rise (with minor ups and downs) for the rest of the year.
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Permalink Reply by Nathan Andover on -
I had some worries when the market started going back down. I was fearing some of the doomsayers might have been right as they were predicting a double dip recession another major fall off.
Now that the market is going up again, it is making me feel really good after a couple years of seeing the market and my portfolio going down. Hopefully the market will continue to rise for the next decade and beyond.
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Permalink Reply by lea on -
If that was a correction that has now been recovered, is there any historical trends showing what happens after a correction? Where do we go from here? I know there are a lot of factors that go into it, but is there any history about how many corrections there usually are during stock market rallies?
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Permalink Reply by Vitaly Indinko on -
I don't guess. I just buy some every month! :)
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