Two Lesser-Known Industrials to Watch
I am hearing all kinds of chatter about the market breaking support levels and breaking through various chart lines this morning. The technicians I know are getting nervous as the market sells off, and they probably should be.
I am no technician, but these earnings are the flavor of awful. We are seeing revenue shortfalls and poor guidance for the fourth quarter, and that does not bode well for the stock market in the near term, in my opinion. Being me, I hope we get a good solid selloff that creates lot of bargains, but as always, I will wait to react rather than try to make a predictive bet on stock market movements....629 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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