Saturday, October 16, 2010

Market analysis

The DJI recently topped 11,000 but with poor job numbers continuing to come in, and the fed still reluctant to do QE2 I believe that a market correction of 10%-20% is imminent. The fundamentals don't justify where the stock market is right now. I would say this will happen by mid November barring QE2 or a dramatic increase in private hiring. I am not a economist or market forecaster all views expressed here are my opinion.