08-02-2014, 08:53 PM
(07-31-2014, 02:41 PM)Dividend Watcher Wrote: Well, end of month update. Maybe we're seeing the beginning of the correction this week. Even good earnings reports aren't cutting it if it doesn't exceed the whisper numbers. It's been a while since I've seen some names trading off like this.
I hope it lasts for a couple months so I can get some bargain reinvestment done. Not much free cash available yet.
I think the correction last week was a pre-cursor to what the market is going to do when the interest rates finally rise. As is to be expected from the market, the knee-jerk reaction to the employment-cost index report on Thursday started the speculation that the Fed will probably consider raising rates sooner rather than later. But the jobs report on Fri made people second-guess it since it was bad (bad news is good news).
My take is that next year will bring plenty of great investment opportunities - so, I'll be working on building up my cash reserves.