The markets generally are in solid uptrends. Plenty of warning signs suggest that a short term correction is due. The Yield Curve provides no evidence that a bear market lies in the future.
My medium term sell signals for the STW (tracking stock for the XJO) were triggered on Thursday when the stock went ex-dividend. That sell signal should be viewed advisedly. Carry through selling on Wednesday would confirm.
While Governments around the world are determined to ward off deflation, maintain financial stability, and provide the liquidity needed for economic expansion, a major stock market correction is unlikely.
The longer term, risks lie to the upside, particularly in commodity prices.
That's just my opinion. You might have a different one.
Remember, anybody who thinks they're going to be a millionaire by investing in the stock market has rocks in their head. :)
Cheers
Red
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