BALTIMORE (Stockpickr) -- Up, up and away has been Mr. Market's modus operandi in recent months, shoving its way to new all-time highs as this past year came to a close. And all the way up, the bulls and bears have been arguing over why the rally was justified -- or why it wasn't.
So far, the bulls have been right. Very right.
But that doesn't mean that now's the time to jump into stocks. Instead, markets look overdue for a meaningful move lower this month.
I've made it no secret that I'm bullish on stocks. Since I gave my reasons for expecting a secular bull market, the S&P 500 has added a 30% premium onto its price tag. And it's still got a lot further to go before it reaches my (very) long-term target.
Yes, I realize those two ideas sound contradictory. How can stocks be headed lower if they're also headed higher? But bear with me, and I'll show you how a correction this month could provide a big opportunity for your long-term stock portfolio.
Expecting long-term upside isn't the same thing as saying that stocks are going straight up from here ad infinitum. Corrections are a necessary part of a healthy market rally, as risk-averse early investors take gains off the table, and later investors jump into shares at relative lows.
And right now, there are a handful of fundamental and technical factors that point to a correction happening sooner rather than later.