02-08-2014, 09:32 AM
I'll bite.
I never really understood the reasons for the dip in the first place, so I looked at it as a gift of a nice buying opportunity, but didn't expect it to last very long. So while we are guessing, I'll say that we're going to continue back up from here, and we'll all wish we had bought a little more than we did in the past week. Now I hope that I am completely wrong -- I would much prefer this to turn into a proper "correction" and give us a much better and longer-lasting opportunity to buy some great companies at even better prices.
Your "bounce around" prediction is pretty reasonable too, though.
I never really understood the reasons for the dip in the first place, so I looked at it as a gift of a nice buying opportunity, but didn't expect it to last very long. So while we are guessing, I'll say that we're going to continue back up from here, and we'll all wish we had bought a little more than we did in the past week. Now I hope that I am completely wrong -- I would much prefer this to turn into a proper "correction" and give us a much better and longer-lasting opportunity to buy some great companies at even better prices.
Your "bounce around" prediction is pretty reasonable too, though.