Quote:
Originally Posted by EscortBiz
500+ points on dow ya think?
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The market has rallied hard in a very short period of time. I think we could still squeeze out another 5 - 10% gain in all the major indices before we experience a correction. The market always over shoots in one direction or another. Right now, it is overshooting to the upside. Eventually though, we will experience a correction of at least 10%. Investors will lock in gains and the market will sell off. Whether the market retraces to our March lows depends on how smoothly the government is able to execute all of it's economic recovery plans.