The Black Box

[michalel97123]

Barry Ridholtz on Kudlow talking about 10-25% correction as normal and long overdue. We havent had even a 10% one since 2002. Other talking heads disagreed. Barry also said he wouldnt be surprised if there was one more run in taking out 11k before the correction began. Reasons for corrections are that earnings are suspect because much involves oil earnings and the rest has stock buybacks as a big component. He also is betting that fed will overshoot as they always do. That 1/31 date looms.