It is for the nth number of time
I am writing that S&P 500 may see a massive correction. Correction has
eluded me for almost last 1 year. But since the basic premises have not changed
and the index is still trading at the upper end of the channel correction is inevitable.
The only other scenario is that market
breaks above this channel and moves up 15% - 25% in a very short span of time.
I don’t see this happening hence I will stick to my basic premise that we will
a significant correction in S&P50 in 2015. Looking at the extreme bullish
sentiments in the market I think we are just living on borrowed time.
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