Date: August 8, 2013
Oh My! 3 Down Days in a Row!!
Should we break out the crash helmets? The market just went down three straight days! Yes, it was and is stretched, but there isn’t enough internal damage to warrant more than a routine, healthy and normal 3-8% pullback. A much larger correction is coming; it’s just not right now. If and when the major market indices close below the lows from August 7, we should see a deeper bull market pullback.
Here were my comments from the interview I did on CNBC’s Closing Bell.