(Posted Monday, Feb. 5, 2018) -- As I also pointed out in a couple of last week's podcasts discussing these and other issues similarly, the now-unfolding correction for stocks is not automatically a harbinger of doom or the end of stocks' secular move of the last several years. In today's podcast (link below) I talk about the reasons why interest rates have spiked. . .stocks' down turn is only beginning. . .and why my target is merely a return to where the S&P 500 was as recently as November.
None the less there are added downside risks I conclude with. We'll know within a month's time whether they will turn this evolving correction into something WORSE.