Un Corrected

Good morning. It is 32 degrees and snowing here in Upstate NY. The full moon was spectacular last night and its a special way to go into the weekend. On the other hand I am looking forward to my head cold lifting.

The ongoing story continues. Everyone is wondering when the market correction will occur. Everyone is trying to read the tea leaves for signs of a turn, checking on things like the Volatility Index, the VIX, which is slightly up and trading volume which is down. These two together are part of the correction recipe.

The DOW is now at 12,391.25. Who knew. The rise has been fast and startling. Another fear arises with history which might indicate that this fast high rise will lead to a bigger correction. One thing to keep in mind is that we are not reading any recent news in the mainstream reports that indicate fear of another crash.

CNN: Analysis: U.S. investors fear volatility but remain steadfast

"Domestic equities are where the capital has been going into and we don't know when that will stop."


"When the market grinds higher and the longer that persists, the fall tends to be more abrupt and volatile..."