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Is this the begining of a major market correction?


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2013 Jun 20, 6:32am   14,847 views  49 comments

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I've been expecting one this year. Any thoughts?

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47   tatupu70   2013 Jun 25, 9:43pm  

treatmentreport says

Here is my definition of a credit bubble: A company that was fighting for its existence 15 years ago, sells 17B worth of long term bonds at records low spread over treasuries, so that it can buy back shares and pay dividends.

That's a poor definition then. A company's health 15 years ago likely doesn't have much correlation with its ability to pay bills today. 15 years is a long time.

A better definition would a company that is fighting for its existence today getting 17B worth of long term bonds at low spreads.

48   lostand confused   2013 Jun 25, 11:43pm  

Interesting the 1Q GDP has been revised lower to 1.8%. I wouldn't be surprised if the Dow comes down to 8,000 or even 7,000 before it resumes its climb and as usual the timing , QE etc are all big factors. But just my opinion.

49   anotheraccount   2013 Jun 26, 1:48am  

tatupu70 says

15 years is a long time.

Exactly my point. 15 years is a long time and some of their bonds are for longer duration.

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