Skechers (SKX)

[Jimbo162]

Cakesgood-market corrections are like death and tax's. They always happen. Look at any 10 or 20 year chart of the s&p, corrections of 10-15% happen regularly. Investors lose faith in the markets or recessions hit etc. High flying stocks that have risen 200% or more sometimes get hit the hardest, they have high PE and many long term holders that are up say 50K (like me with SKX) and if the price drops to say 142-145 I would cut and run and keep my profits intact. Markets today are so obviously manipulated, look at last monday. The markets were down 2-3% all day, then miraculously at about 3:30 volume surged and we finished the day up 4 points. The powers that be move markets using HFT etc and with a few clicks on a mouse move markets all the time, you can see it happen if you know where to look. As i see it we have not seen a correction of more than 7-8% since about 2011. If history tells us anything, it is that a correction is well overdue. It is best to be cautious, use some inverse ETF's that i am currently initiating like SH, DOG and SDS. I ain't saying load the truck, yet. But I am seeing and reading some weakness but wonder....how long will the powers that be keep supporting these bloated markets?