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Renew Deal

(81,870 posts)
Wed Feb 13, 2013, 10:36 AM Feb 2013

CNN: Stocks 'need to be corrected'

When it comes to keeping New Year's resolutions, the bulls on Wall Street have outdone themselves.
The S&P 500 was supposed to finish the year at 1,490, according to CNNMoney's survey of more than 30 investment strategists in December. After a big move in January, it's already firmly above 1,500.

The S&P 500 was supposed to finish the year at 1,490, according to CNNMoney's survey of more than 30 investment strategists in December. After a big move in January, it's already firmly above 1,500.
<snip>

But the bullish tone has already started to fade.

"We're certainly off to a great start," said Jack Ablin, chief investment officer at BMO Private Bank. "But we may have gotten a little ahead of ourselves."

Most don't expect a textbook stock market correction, when major gauges drop 10% from their most recent highs. But a pause or pullback of some sort is increasingly likely.
<snip>

http://money.cnn.com/m/#!/2013/02/13/investing/stocks-correction.json?category=Latest%20News

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CNN: Stocks 'need to be corrected' (Original Post) Renew Deal Feb 2013 OP
The GOVERNMENT needs to be corrected Demeter Feb 2013 #1
This message was self-deleted by its author A HERETIC I AM Feb 2013 #2

Response to Demeter (Reply #1)

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