When's The Correction Coming?
A market correction probably won't be coming any time too soon, and when it does, it will be a moderate correction, according to Vince Farrell and Michael Farr.
"We're due for a little correction, and by little I mean like a four, five, six percent thing. Some of the technical indicators are too complacent," said Farrell, of Soleil Securities.
"Probably a short term, but very mild correction. Normally, after we've seen sort of a run up like we have since August, and even over 10 percent since November, we would be expecting probably another 10 percent whack in here easily. But not with the Fed, and not with the Fed pumping money in to the market," said Farr, of Farr, Miller & Washington.
"This Fed, still committing $600 billion in QE2, is going to keep these prices higher, and it looks like we're going to see this most of the Spring," said Farr.
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