Ireland News

It is convenient how the bad news comes out when the market is overbought and ripe for a fall. It is almost as if Ireland was fine on Thursday but today, all of a sudden its a total mess. The market is due for a pullback and Europe provided a good excuse. I am a bit surprised that we aren't down more, but the first pullbacks are usually bought, so it will not be clear sailing on the downside. I do think next week will provide more explosive selloffs that stick. Today we'll probably not fall apart, but that would probably set up a gap down on Monday, which would surprise a lot of traders used to Mutual Fund Monday.