Market in Correction The Market went into correction mode on Friday. I reduced our market exposure Friday morning. The market has been in a tight 5% trading channel for most of the year. The market rarely stays in such a tight range for so long. It finally broke out of the trading range to the downside, prompting me to take action.
S&P 500 Index
I will post a news letter next week with further analysis. I am currewntly at Tenmile Lake finishing up a family reunion. I will be back in my office on Monday. I will check my phone messages at that time.