The end is nigh-- again?

[O Hills]

Another CNBC piece predicting doom:

"Two experts warn correction could total 60%"
http://www.cnbc.com/id/101950613

Scary. 

Related articles at the bottom: 14 Absurdly wrong predictions

Nice! 
I feel sorry for people who sell when these "experts" predict doom and gloom. 

 

[JustSayin]

18k DOW?

Incontheevable!

I remember last year when it was at 14k, I heard a talking head saying the Dow could hit 20K.
Shook my head and laughed.
Doesn't seem quite as outlandish now.
But this has been a long rally and we're well above pre-ressession levels.

I think a correction/pull back (remember those?) is a near certainty. 
The only question is when.

Looks like someone predicted correctly.
Is this the long overdue correction or beginning of a major meltdown?

 

[morekaos]

If you really look at the numbers the Dow began the year around 16572. At the current level of 17128 it has only net gained around 556 points in 9 months.  That is a little over 3.3%.  Doesn't look so gangbusters when you look at it from that perspective.  That 3.3% could disappear in a nono-moment of flash trading.  Flat to down is where I still think we will end the year.

Even with a 300+ point loss today the Dow still stands to be UP a hundred or so points year to date.  What people forget is that in March we were almost 1300 points lower.  But that won't stop the media from proclaiming.."the end is nigh!"