Is today a portend of things to come?

[Airelon]

Well.

Quite a day.

One I've personally been hoping for - for quite some time. Personally, I hope this continues for the next few months.

1) It will provide me an opportunity to buy some e-mini put options during the rallies

2) We've needed an outright correction in the markets for quite some time. A correction is a healthy thing (When not coupled with other geo-political factors), and neccessary for continued growth. As ones will recall - this is why I don't invest in any stocks, come July 15th.

3) This will afford me with an opportunity to reinvest my profits from other ventures - into my dividend investing portfolio come November.

4) Watching the newbs scream up and down, convinced someone is out to get them is sorta funny, and entertaining in a way.

[aquaswim47]

I totally agree; it's nice to have at least somewhat of a breather of fresh air from those bulls. Unfortunately, I was looking in the after-hours and it looks like on Monday, the markets may go higher.

In my belief, corrections are a necessary market reaction to prevent overheating.

[Airelon]

Interesting sites regarding seasonal tendencies.

Here's one. Click on CLASSICS - CASH, then STOCK INDICES. Then peruse the different indices. (Popups need to be enabled)

Take a look at this year, and then take a look at what just happened. I wouldn't be surprised if we see a bit of a rally during August, and then we get HAMMERED in September. Over at the forum I tried to get going, this is something I've said for a while now. The summer months are not a good time to be investing. Then, when you look at the A/D divergence that developed in the S&P over the last month or so? It was screaming for yesterdays action.

As you mentioned mate . . . it's something the markets have needed for some time now. It will make buying opportunities this November fantastic. Especially for long-term investors such as myself.

[gijoe9]

I don't "hate" summer investing but..... I am inclined to do little during the summer months. I have found that a couple of stocks I follow experience wide seasonal shifts in value and there is money to be made there without substantial risk. I like some of the REITs for this namely the ones that provide seniors housing solutions like HR in the US and CSH in Canada. They experience pronounced seasonal price fluctuations but it is not like you can predict exactly when or how much they will fluctuate. I have a lot of confidence in this particular type of REIT for the long haul as the "Boomers" age out.

[Zach]

Even longer term corrections have up days in the process. I wouldn't be to sure the damage is done just because we retraced half of Friday's selloff. Looking through technicals like expanding new lows, advance decline lines, and price/volume trends, I think 10% lower before we reach the bottom on the broad indices would not be out of the question. Hard hats!

[Airelon]

Seems it was . . .