Read a great article, that says in part: So much for the seasonal strength we were expecting. November was tough with the S&P 500 dropping 4.4%. No rebound in December either, as the "500" fell 0.86%. This has been followed by an ugly start to January.
When the market does not follow its normal seasonal patterns, we think something could be very wrong. We are therefore turning more cautious on the market for the next three to six months, and believe the chances that the 10% correction that we've seen turns into something more like a 15% to 20% decline.
Read the whole article here: http://www.businessweek.com/investor/content/jan2008/pi2008017_306803.htm?chan=top+news_top+news+index_investing
TTFN, Don
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