The GS news took the market down fairly hard today, and GS itself had a 30+ point range. Gold, copper, bank stocks, everything was sold a bit. That said, the daily chart is still in an uptrend but we've seen how fragile this hot air market really is. In the last few weeks the market has dropped very quickly on negative news, even though those dips have been bought.Friday, April 16, 2010
Forget the Febreeze, spray some more Fabrice!
The GS news took the market down fairly hard today, and GS itself had a 30+ point range. Gold, copper, bank stocks, everything was sold a bit. That said, the daily chart is still in an uptrend but we've seen how fragile this hot air market really is. In the last few weeks the market has dropped very quickly on negative news, even though those dips have been bought.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment