Expecting A December Correction

We believe that according the name ‘investors’ to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a ‘romantic.’
—    Warren Buffett
[With the Dow at very near an all-time high, a “normal” market “correction” (a 10% drop) will still leave the market above 25,000 which would still be a historic end of year high.  The only questions are when will the correction eventually happen and how far past “normal” it will go?  Okay, three:  how long will it last?  Remember, this is the first Presidency to have an 800 point drop in a single day…  Of the top five daily losses in Dow history (roughly 120 years), ALL five have happened during the current Administration.  So far, we’ve recovered from each quickly…    —    kmab]
.
On This Day In:
2021	My Fear Is She Loses This Bet
	Gotta Stay Hungry
2020	Still On The Obstacle Course?
	Thunder
2019	Expecting A December Correction
2018	Dominoes II (Update From Last Year’s Post)
2017	Dominoes
2016	Itchin’
2015	In The Not So Distant Future
2014	Sources
2013	Three Essentials
2012	Just Looking
2011	Religious Lessons
2010	View From Under The Bus… (A mid-term report card on the Obama Administration. Long, but still worth reading for historical perspective.)

Read Full Post »