Wednesday, May 26, 2010
Bounce Players
Fast Money halftime report was all bulls. There was absolutely no hesistation and the confidence was frighteningly high. That coupled with the market well off the day's highs sends a warning signal to me. With broken fundamentals and a Europe slowdown all but in the bag, we are in trouble. We are going to have another selloff very soon.
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2 comments:
Good call Owl. You hit that one on the money.
I wish I wasn't right. I was just hoping it held up so I could sell heavily tomorrow morning. This selloff muddies the waters for tomorrow.
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