T. Rowe Price Forsees Market Correction
December 11, 2013
So far this year, through December 3, 2013, the S&P 500 is up 26 percent. However, John Linehan, head of the U.S. equity division T. Rowe Price, "What goes up at some point must come down." He states at a press briefing on December 3rd, that 2013 will be one of the few years in the post-war ear that hasn't had a correction of more than 5 percent. He feels that in some point in 2014, we're probably due.
I feel that there are signs out there or a correction that we should be careful of. Stocks could suffer a non-recession-related correction and investors should prepare for it. Proceed with caution this next year when it comes to your investments.
*Past performance is no guarantee of future results. The S&P 500 is an unmanaged index and cannot be invested into directly.
The economic forecasts set forth herein may not develop as predicted. The opinions voiced in this material are for general information only and not intended as specific advice or recommendations for any individual. Consult your financial advisor before making investment decisions.