I Smell a Pullback
The stock markets have become bipolar as of late, oscillating between puzzling spikes and frustrating plunges. The market is seemingly stuck in a pattern of "two steps forward, one step back," which obviously produces a net positive effect and can be an ideal environment for those active traders looking to profit from short-term swings.
The major indices have just taken three relatively big steps forward, having posted big gains over the last three sessions despite a lack of any significant positive news or data releases. On Thursday the Dow jumped more than 100 points to put it comfortably above the 13,000 mark. I'm as pleased as anyone about the recent surge, as my portfolio is heavy on risky assets, but I have a sneaking suspicion that a slight downward correction is coming in the very near term....523 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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