No matter how long you do this, it still amazes at how quickly the mood changes 180 degrees. A week ago Friday markets were a disaster and a plunge through the 200 day moving average looked like the eventual outcome. A week later, the S&P 500 was up 5.5% and scores of stocks are breaking out. Indeed, 1/10th of the Russell 1000 is already at 52 week highs reports Bespoke Investments. What correction?
As for today's action, it is exactly the type of movement the bulls want - churning action with a slight pullback.
Best Of FMMF
- 1: Warren Buffet Piles on Europe
- 2: [Video] Jim Chanos Returns from Europe, Even More Bearish on China
- 3: A Chart to Open Our Eyes - Staggering Changes by Multinationals in Employment Behavior 00s vs 90s
- 4: Futures Blasted on Dexia Woes... and Poor Preliminary China Data
- 5: Market Working to Worst Thanksgiving Since 1932
- 6: Et Tu, German Bonds? Poor Auction Raises Eyebrows