Market Watch with Tom Waitt

June_6th_2012.mp3 Gaining Support    A month ago U.S. stocks were at a 3 year high, turn on a news report yesterday and media reports are disusing a crash. Dow Jones Industrial Average (Click For Larger Picture) Three years ago March 6th 2009, the Dow Jones Industrial Average fell to 6,469 a month ago we hit 13,338.66 more than double. The advance had corrections along the way 14.6% in the spring of 2010, and 19.2% in the summer of 2011. As discussed in the March 7th radio show a consolidation correction was expected. From last months high we have fallen 9.8%. Markets do not go straight up or straight down but there are days it seems that way. Over the last 5 years, a 9.8% correction has occurred, is it over? Unlikely since 9.8% is shallow and pessimism is at a high; but with higher highs and higher lows a challenge of the 2007 all time high of 14,198.10 is expected over the next year a further 16% move. There are many opportunities to make money but it requires action on your p