How'd that feel?
More to come I'm guessing. Technology stocks are not going to drag the entire market higher when the financials are collapsing. Retail isn't looking so hot either. Builders and anything in the housing ATM food chain continue to leak deep crimson pools.
Hey bulls. Google won't save you. Neither will the Fed.
If the market decides to really go down (and we're overdue) there will be nowhere to hide. At least not in the short run.
We need to clear the dead wood. It's abundant and it's very dry. All it takes is a spark.
Was today that spark? Not knowable right now. The way to look at it is that the bulls are very determined to buy every dip. It's worked for so long that it will take time for the reality of trend change to set in and alter behavior.
Huge drops like the one today in CROX will help to change psychology. There have been many others in last couple weeks.
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