Market Timing is very difficult and I've never come across anyone who was even modestly reliable in being able to forecast short term market moves such as this one.
My guess is that the S&P500 corrects to between 10 and 15% from the recent high .... so far it's down about 9%. It would be a healthy and long overdue major correction .... but I sure hope it doesn't drop more than 15%.
Anyone who feels they can forecast the depth and timing of this correction with some degree of accuracy, there's a small fortune to be made by buying S&P500 put options .... or call options when the bottom is in. Lots of leverage for 100% and greater short term gains if one is correct !
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