Tom DeMark, CEO and founder, of Market Studies LLC is calling for a 10%+ market correction. "I'm pretty confident that in one to two weeks, the market will be in a decent ... It could be pretty sharp."
Mr. DeMark currently serves as special advisor to Steven A. Cohen of SAC Capital Advisors, a role he has held for over 15 years. His resume includes consulting to some of the largest trading institutions and fund managers in the world, including Goldman Sachs, Steinhardt Partners, Loews Corporation, Citigroup Inc, JP Morgan, IBM, Union Carbide, MMM, Omega Advisors, Charlie DiFrancesca, as well as many others.
While I normally don't utilize technical analysis or market timing techniques when investing, I found Mr. DeMark's comments very interesting given his resume. As investors, no one can be sure when the market may see a minor correction vs a steep correction; however, with Mr. DeMark's warning, it may be prudent for investors to begin examining market exposures and risk tolerance.
Mr. DeMark currently serves as special advisor to Steven A. Cohen of SAC Capital Advisors, a role he has held for over 15 years. His resume includes consulting to some of the largest trading institutions and fund managers in the world, including Goldman Sachs, Steinhardt Partners, Loews Corporation, Citigroup Inc, JP Morgan, IBM, Union Carbide, MMM, Omega Advisors, Charlie DiFrancesca, as well as many others.
While I normally don't utilize technical analysis or market timing techniques when investing, I found Mr. DeMark's comments very interesting given his resume. As investors, no one can be sure when the market may see a minor correction vs a steep correction; however, with Mr. DeMark's warning, it may be prudent for investors to begin examining market exposures and risk tolerance.
