10/16/2006
Market headed for correction
Expect a market correction at these levels. It will be quick and painful to lot of people who after waiting on the sideline for months have just about become bullish. It will be good to shake out some of the late market comers and euphoric crowd. After that market would quickly resume its uptrend. Nothing much changes in the market.
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2 comments:
Just listening to the talking heads at Bloomberg and CNBC during lunch and lots of people calling for a correction and saying this is "Market Top". I guess stocks don't go up forever but I just have a feeling we are going higher, at least the big cap tech stocks. Time will tell.
I am not calling for top. I think lot of stocks are headed higher, much higher. it is stock pickers market now.
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