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Zacks #1 Stocks on the Move 05/13/2013

Company Name Symbol %Change
NOAH HLDGS L NOAH
19.08%
ERICKSON AIR EAC
10.26%
STR HOLDINGS STRI
5.71%
LUMOS NETWOR LMOS
5.55%
TRI-TECH HOL TRIT
5.40%
Steve Reitmeister

How High Before the Next Correction?

by Steve Reitmeister

May 06, 2013 | Comments : 35 Recommended this article: (0)

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A stock correction is officially labeled as a decline of at least -5%, but not greater than -20% (beyond that is considered a bear market). Amazingly we have gone up +20% over the last six months without a correction. That is a hefty move making some folks anxious for when the next correction will come. And many wont climb on board the bull until they get a correction to make it all the easier.

However, stocks leapt over 1600 with gusto. Even bad news is good news because it means QE will keep flowing which is feather in the investors cap. So it's hard to say what will bring down stocks...and when?

Now let's see what you guys think about when stocks will correct:

1) The current level around 1620 is all she wrote with correction soon on the way.

2) Make it up to 1650 before next correction.

3) Make it up to 1700 before next correction.

4) 1750 before next correction

5) Other

Take your pick and then be sure to explain why you think this is the case.

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Zacks' 7 Best Stocks for May, 2013
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They're hand-picked from the list of Zacks Rank #1 Strong Buys. Our experts predict that their prices will jump the soonest. Today, you can see them free.

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