This may be the long-awaited summer correction. As usual, stock market sellers are over-doing their pessimism. You can scoop up some bargains during this "summer swoon."
>After the Dow lost all of its YTD gains, it is finally moving back up.
>All 30 of the Dow fell recently - suggesting panic selling.
>The VIX and the credit spreads are improving inter-day.
>Finally, the put/call ratio is over 100 and signaling "Buy."
Some market analysts are starting to use the phrase, "secular bull market" instead of the usual reference to a three-five year cyclical market. A secular bull market can run seven or eight years. It certainly did in the '90s.
>After the Dow lost all of its YTD gains, it is finally moving back up.
>All 30 of the Dow fell recently - suggesting panic selling.
>The VIX and the credit spreads are improving inter-day.
>Finally, the put/call ratio is over 100 and signaling "Buy."
Some market analysts are starting to use the phrase, "secular bull market" instead of the usual reference to a three-five year cyclical market. A secular bull market can run seven or eight years. It certainly did in the '90s.
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