I don’t see a recession anytime soon
in 1987 the year i started working in the stock exchange doing research stock's (S&P) were 19% above the 200 day moving average, a bit too much. after the crash they were 28% below the average.After than the Bull market continued until 2000 with a big scare in 1998.
what is happening now?
I don’t see a recession anytime soon so I see this market correction as a “correction” and not a Bear market. We were 7% above the 200 day moving average at the end of September and now we are 5% below the 200 day moving average on the S&P. Is the correction done? i don't know but some steam was liberated from the stock market. we are ready for the next leg up.
my vision. chop until the elections and then we resume the Bull Market.
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