09-27-2012, 02:08 AM
'ValueSleuth' pid='10305' datel Wrote:
'Palm' pid='10302' datel Wrote:Looks like we are into the correction mode as expected in the overall markets. With crude now dropping below $90 we are headed into healthy correction. Markets had too much fluff to stay that high. Apple has now corrected just over 5%; more to come probably.Such a correction was way overdue.
The window dressers are turning tail at the end of the quarter and trying to lock in profits.
There may be a continuing race to the exits.
VS
The DOW is down 158 points from the recent top, I would not call that a correction. I will use IOC's top at 96 (not 99) and todays price of 75.17 for a decline of 21.87%. Now that is a correction in less than a week.