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Is this sell off a correction or the start of something big?

http://m.switzer.com.au/the-experts/peter-switzer-expert/is-this-sell-off-a-correction-or-the-start-of-something-big/


The big stock market question whether the current stock market sell off is a correction and buying opportunity, or the start of a market crash, has been resuscitated overnight, with the Dow Jones index down over 500 points with a couple of hours left to trade (when I jumped out of bed).

Comments

  • "The oil price is falling and US stocks don’t like this. "

    Why don't they like it, I sure do ?

    Derf
  • I believe something bigger. The start of a recession is always declared in hindsight. I think Oct. 2018 may be that start.
  • edited November 2018
    This is a pretty good chart talk from a guy with Cornerstone Macro, a group I've found to be pretty sound on econ and financial analysis. Note he's talking 'quality' outperforming -- sometimes a last gasp up at the end of a cycle.

    Another bit of info on the subject: ECRI's leading indicators are still on the way down, as they have been in fits and starts for months, but with a fairly significant nosedive just recently.

    FWIW.
  • @AndyJ
    Thank you for the thoughts and link.
    Catch
  • Ted is getting out. How's that for an indicator?
  • Ted is retired and made great strides past 40 50+yrs...i would get out too if I made 10000%
  • Old_Joe said:

    Ted is getting out. How's that for an indicator?

    If ECRI doesn't use that in their pack of indicators, they're missing a bet.
  • We cant have a recession with over 2.5% growth in GDP.
    MikeM said:

    I believe something bigger. The start of a recession is always declared in hindsight. I think Oct. 2018 may be that start.

  • edited November 2018
    @fundalarm Recession maybe one year from now. But the market does not wait till it starts and corrects itself in advance. When the current correction is over I anticipate slow or no growth of the stock market for some time before the recession. You do not jump on a bandwagon when the train crash ahead of you.
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