The mid-year mark is now passed and the market is toying with the 17,000 level. It seems that every day a new inter-day high above 17,000 is being announced to be followed by a close that remains stubbornly just above or below 17,000. This constant flirting with the record level has most investors thinking that the market is at some inevitable correction point. I have heard of “adjustments” as high as 30%, of course this comes from a forecaster that has been wrong on 9 of the past 10 predictions in the last 10 years. I guess he will get it right on of these years. A more reasonable question is, can the market just continue on and seek out 18,000 or is it logical to see a correction? < Read the full article>
July 29th Portfolio Review
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