Is the stock market about to have a serious correction?
Jerry Bowyer Chief Economist, Benchmark Financial Network
No. But we will probably have a semi-serious correction, but it will be a correction, not a bear market. I don’t think investors have completely priced in the recovery, they’ve only priced in the end of the decline; this calf has a little more strength than those spindly legs.
Keith Boykin Fmr. Clinton White House Aide / The Daily Voice Editor
At least I hope so. I missed this year's rally and have been looking for a chance to get back in when the prices are low. Maybe if I say it enough, it will happen.
Vince Farrell Scotsman Capital Management
Yes. Define serious. If serious is 10% at a minimum, then yes, we will have a serious correction. When markets have a very strong advance like we have experienced (better than 50% in a relatively short time frame) a 1/3rd to 1/2 correction of the advance is common, even normal. From around 670 to roughly 1025 is a gain of over 350 S&P points. Take 1/3rd to 1/2 off that and you have a better than 10% correction, BUT the primary uptrend is still intact.