The president gave a speech today on the economy, and in response, the Dow dropped over 600 points. Now that's what I call a big Bronx cheer.
Past corrections have run as much as a 25% loss to the 30 industrials. Anyone care to make book on how big this correction will be? The index has dropped 15% in the last 2-1/2 weeks, so how about another 10% in the next 5 days. Dow opens Aug 15 at 9555?
Some time between now and then might be an opportunity to get in to the market. Along about Wednesday, if you buy Bank of America, you may find out that your modest investment bought you the whole bank.