|
Re: With so many bearish
Articles and many pundits getting bearish ...
This article from yesterday is good. As always, it's about the
Fed tomorrow.
finance.yahoo.com/ne...6.html
So next few days, who the hell knows. I see we've had more bad
news in the last 24 hours from HP (30K more layoffs) and Fedex
(lower earnings and lower guidance), and the market breadth
leadership is very narrow which IMO means new highs look unlikely.
Even if the Fed doesn't hike rates, we'll just revisit this
discussion next month and the month after, and the uncertainty will
be an overhang. I think that plus the recent price action has given
enough people the thought to be selling into rallies, which isn't
the same as going short and looking for 20% declines.
|
|