The Bulls Still Have the Edge
It was an ugly day but what was most notable about the action was how quickly the mood shifted away from Friday's euphoria over the DJIA at 14,000, talk about the return of the individual investor and stories about how the jobs news and GDP numbers were quite good (though below expectations).
That market suffered steady selling and ended with a very ugly finish. As I commented recently, weak closes are problematic and tend to indicate that a change in market character is developing. We did not see a single weak finish this year until two days last week. Today marks the third poor finish in four days....176 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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