Correction On! Beginning, Middle, or End Is the Question
Posted on February 26, 2013 at 12:25 PM EST
Ever fight a bear? Neither have I but from what I’ve read and seen on nature shows they don’t go down without a fight. And after seeing the market action for the last week with its swift 3% haircuts to the Dow (INDEXDJX:.DJI) and S&P 500 (INDEXSP:.INX) the bears amongst us aren’t quite ready to roll over. It all seemingly started with some Fed meeting minutes that discussed the long-term status of quantitative easing; that was enough to wake the grizzlies. Then a couple of weakish flash PMIs and a potentially tectonic Italian election and presto! It's correction ...