Dip-Buyers Go Into Hiding
The poor action yesterday has resulted in less aggressive dip-buying this morning. Buying pullbacks always sounds like a great idea when the market is uptrending, but when there is real weakness, doubts creep in quickly.
The market has managed only a few feeble upticks and is hitting new lows an hour or so into trading. Breadth isn't terrible at about 2000 gainers to 3150 decliners, but it is slowly slipping. All major sectors are red with precious metals, oils, homebuilders and technology showing particular weakness. Even Google (GOOG), which has been the shining star of the market lately, is down....156 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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