“When the same news that worked last week doesn’t work this week,” he said, “you know the market’s about to take a break. In short, it needs to go down.”
But how far? An “overbought” market, one where stocks rose too far, too fast, usually corrects in one of two ways: a “steep, vicious sell-off” of about 5% to 7% or “a smaller, slower drop.” For the most part, Cramer said, the latter is most likely.
No comments:
Post a Comment