The pullback came as expected. The new margin/leverage requirements will cause some addition haircut to these hot stocks, maybe 3 more down days, but the downside is limited and short-lived.
Market action reminds the period of 1996 - 1999.
2 market rules need to emphasize here:
1. Never short a dull market;
2. Never predict market top in a bull market;
Find individual high growth stocks and hold them tight is the key for the next several years.
A majority of Dow blue chips have been doubled with the expectation that rate will stay ultra low for decades to come. Market focus is likely to shift into high growth stocks. In 2014 Market index is likely to consolidate/correct 8-20% before bursting into new highes in 2015-2016.
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发表于 2013-9-16 12:47 PM
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