Assuming that one has broadly diversified municipal bond holdings, the threat would not seem to come from a biblical-scale wave of defaults. (I must admit that we have no data on muni defaults during biblical times.) The bigger threat to a broadly diversified muni portfolio would seem to be the typical market cycles of run-up followed by correction followed by run-up.
It continues to suggest that the current correction will set up a good buying opportunity.
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Therefore, I expect this correction to set up a good buying opportunity.
Per Ola Kristensson and Keith Vertanen, at the University of Cambridge's Computer Laboratory, have developed a method of allowing speech-recognition programs to share their thoughts, as it were, with the user, in order to speed up the correction process.
Once again, the Wave Principle tells us that a correction can never be made up of five waves.
The irresistible force of Fed money-printing collides with the immovable object of a great correction in the smash-up, the debris flies in every direction, giving us a bewildering, mixed-up picture that looks a lot like stagflation.
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We believe the major trend is still up, so this correction is providing you a great chance to get on board this Chinese blue chip.
There is nice participation from our go-to stocks today as they held up well during the last correction.
The confusion continues, with the Fed desperately trying to push up prices and the great correction pushing them down.
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The Washington Post picked it up (fortunately mentioning my correction).
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The usual summertime correction in oil prices is now setting up risk-controlled buying opportunities for several strong oil-services stocks and a primary sector ETF.
The Select Sector SPDR Consumer Discretionary ( XLY) had a very strong first quarter, gaining 15.6%, and has held up well on the recent correction.
That is, at least four trading sessions after the index begins moving up from the bottom of a correction.
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Troubling technical signals appear to be confirmed by recent movements in key sectors, driving up the possibility of a deeper correction ahead.
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The gold market bulls can take solace in the fact that no longer-term chart damage has occurred, and from a longer-term perspective, the recent sell off is just one more downside correction in a price trend that remains solidly up.
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The OBV has turned up, which is consistent with a correction, not a top.
PLC, one of the Reliance bond's bookrunners, attributed the decline in Reliance's bond price to a broader market correction after U.S. Treasury yields picked up.
With no recovery in industrial earning power in sight and technology in the throes of its inventory correction, corporate earnings just aren't going up this year.
To the contrary, those unfortunates who wind up on the wrong side of a market correction often see their net worth wiped out in a devastatingly short period.
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The OBV needs to turn up in the next few weeks to complete the correction.
"It could really blow up" if there is another crash or sharp correction, says George Middleton, an independent financial adviser in Vancouver, Wash.
After being down 16% in its April to July correction, the Dow has rallied back smartly and is now up 11% for the year, while the Nasdaq is now up 17% for the year.
As such, the real test of the strength and longevity of this recent rally will not come from the first short-term correction of a few percentage points, for buyers will show up on these first forays down.
In this case, the stalled economic recovery got back on track, the euro-zone debt crisis faded into the background again, the stock market recovered from its summer correction, and although still expected, inflation had not shown up.
While the mid-term trend is still up, this increases the odds of a deeper overall correction.
The selling picked up in October, as the Dow made a new correction low of 1, 161.
Core inflation is spreading slower than we expected (core CPI up 0.1% in October), while the correction in housing and autos came more abruptly (Q3 GDP increased 1.6%).
But I still believe conditions are being set up for a typical favorable season rally to next spring once the correction ends.
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In market corrections it periodically becomes short-term oversold and rallies back up some to alleviate the short-term oversold condition before the correction resumes.
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