Sunday, March 17, 2013

The Correction for Which I''ve Been Waiting.

For the first time in 2013, European sovereign debt issues will be at the forefront again.  Cyprus Bailout Crisis Slams Breaks on Risk–On , CNBC reports on the Cyprus bailout terms that will tax bank deposits 6.75% to 9.9% of bank deposits in order to qualify for a $10 billion euro bailout.  These terms are expected to create volatility in the stock market next week.  The expected direction of the market will be down.

I see this as the first buying opportunity of 2013.  I will watch the market early in the week and will consider the purchase of various stocks late in the week, since I believe the decline will take several weeks to adjust.

The correction may finally come : -)

For more on New Beginnings, check back every Sunday  for a new segment.

This is not financial or investing advice. Please consult a professional advisor.

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