Friday, July 30, 2010

Just a Pullback

I don't think this is the start of another move down just by looking at the speed of the decline.  We are on day 3 of the decline and we've only lost about 1.5% from Tuesday's close.  The hedge funds are in re-risking mode and with Europe off the table for the time being, there are few catalysts for a selloff.  I will look to buy weakness today, if we get it.  Next week should start off strong. 

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