Is a correction coming ???

I hope so...............

This would allow me to buy great stock at cheap price because of an oversold position.

Now, read between the lines: There will be one but eh nothing to do with last year crash.

A correction is only a profit taking situation and the more afraid investors are, bigger the profit will be.

For example if LVS goes to 16$ on tuesday morning you sell 1000 share then you are lucky enough to see market plunge and LVS is retreating to 14$. What would be your first reaction: sell whatever you have left or buy them back at 14$ ?

To help you decide, what was your reaction when LVS crossed the 14$ mark ? WOW maybe...

So what has changed ? The value, the market or was it only over sold???

In the previous example if you decide to buy them back at 14$, you coudl buy back 1140 shares and pocket a whoppy 20% gain (when it goes back to 16$) just for being there at the right time.

You think that does not happen regularly: Think twice as most stock will have a 10% swing in one day. For example DAN and PXLW will go as high a 25 % intraday swings.

Even if i would not recommend to play it this way all the time, take great opportunity to cash in great profit and do not be scare to get back in the same stock unless fundamentals change dramatically.

As for the forecasted correction: Please we need one but do not expect more than 4-6%

By the way, why do you think experts are forecasting that scenario of a major correction: fear will generate profit (see red line at the beginning). Be ony carefull as if we were in bear market situation experts would tell you the exact opposite to get you back in market than profit from you.

So, what do you think will happen in september ?

For he records: DOW will end up the month with a +7% and up (Over 10,000) adn SP500 will follow.

''Whenever there is fear get greedy, whenever there is greed, get feared''