Market update

The stock market is STILL not in a healthy place. We are overdue (!) for a 10% correction. In 1997 the needed correction was late, and came in 2 phases - in August and in October. At this point I guess I'm hoping for 1997 redux, because the other option is 1987 redux. Remember October 1987? Biggest single-day drop ever. Significant pain. Difficult to profit from that kind of down move unless you're just lucky. Once that kind of down move starts it is very difficult to get into a trade. The market has gone up nearly nonstop for a year now. One "blip" down in late February and that's it. Again, this is NOT a healthy pattern. Nothing goes up forever! This one won't either. My earlier "predictions" were based on a healthy market behavior pattern - and this market is not doing this. The longer the needed correction is delayed, the harsher the correction will be.

Engage the market with caution! We're not likely to get much warning when the selling begins.