We have a professional market going on right now. The individual has just abandoned it and you've got traders jerking it around. If you're playing in the market, what's your best way to make quick gains? Pick the higher volatility stocks. What are those? Tech stocks.
We have a professional market going on right now, ... The individual has just abandoned it and you've got traders jerking it around. If you're playing in the market, what's your best way to make quick gains? Pick the higher volatility stocks. What are those? Tech stocks.
We do not yet see an end to the pattern of aborted rallies and reactions that have characterized market action over the past couple of months.
The Nasdaq taking out its July lows says to me, 'Guys, we still have a bear market on our hands,'
The market had every opportunity to sell off. The fact that it's not going down is a good sign. I've got to give this rally the benefit of the doubt -- it should move higher.
This has been the strongest rally we've had since the bear market started. There continues to be good demand for stocks. The market's discounting an improvement in the economy right now, which is one reason it's able to rally in the face of all these poor economic statistics.