DJIAIMG bouncing aound today...should I buy, should I take profits? What has happened on the Dow the last few days could be the tip of the iceberg. With the market falling, the Fed probably won't raise interest rates in September. With the US dollar the only game in town, most people will be getting nervous. The Fed could even begin to print more money...what would it be, Quantitative Easing 4?
Looking at the Dow 5 year chart, the sell-off could pick up pace and the Dow could easily correct to 13500. China could be a house of cards that could kill any World growth in its tracks. More the likely, they market will hold here....for the time being.
Sorry...lots of speculation. Little MXI could become quite valuable in the near future.