This Could Get Ugly, and Fast

Let's begin with the number of stocks making new highs -- because, on Thursday, we finally saw more than 213 on the NYSE on Thursday. We had a whopping 233.

If that sounds like I am complaining -- I am. But it is not fair to rationalize a statistic. So, in fairness, new highs expanded, and we should see some sort of retest of that reading at another point in time. Still, for now, after making their highs in the morning on sheer giddiness, many stocks opened up quite a bit, only to give it back in the afternoon. Also, yes, we saw some nervousness creep back into the market as it sold off....538 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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