CNN - Stocks are headed for a correction
Stocks 'need to be corrected'
By Ben Rooney @CNNMoneyInvest February 13, 2013: 8:36 AM ET
When it comes to keeping New Year's resolutions, the bulls on Wall Street have outdone themselves.
The S&P 500 was supposed to finish the year at 1,490, according to CNNMoney's survey of more than 30 investment strategists in December. After a big move in January, it's already firmly above 1,500.
The 5% gain in January was the best start to a year for S&P 500 since 1997. At this rate, the index is headed for a full-year return of 78.5%, said Mark Luschini, chief investment strategist at Janney Montgomery Scott.
"Needless to say, this performance begs the question as to whether this pace is sustainable," said Luschini.
http://money.cnn.com/2013/02/13/investing/stocks-correction/index.html?hpt=hp_t2
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My guess is we'll see 1,700 before we see a major correction. The economy is on fire right now and has incredible momentum. I'm going all in today!!
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I had a sad call a few weeks ago by a father who had given his (working) daughter $1K to start an IRA 10 years or so ago. It's stuck at $500. Insufficient to move into another fund without putting more money at risk (to meet the minimum to open a new fund).
He was asking for instructions to close his and her individual IRAs. On the other hand, my sympathy was limited. He's a doctor and had millions or so in another investment division. 
"smoothing" out phase, and for 5 years I won't be getting any increases until 2014. So anytime there are positive gains in the market, my potential in 2014 will be better. 
They have been pumping up the gold bubble for so long it is absolutely unavoidable at this point.
The rush-beck-hannity OMG-INVESTINGOLDNOWWWWW!!!! thing is about to come crashing down. I wouldn't be surprised if those 3 start dumping ASAP while telling their gullible listeners to keep pouring money into it.
Looks like it may be starting today:
before heading back up again.
Just don't ask me the time frame. That's my trade secret. I will, however, share it for a small fee. Just pm me for my paypal 
