Thursday Outlook: Sometimes Nothing Is a Real Cool Hand

Another Big Wednesday? Oh yeah! Of course what Laird Hamilton is doing in this video is an awesome ride of guts but ultimately beautiful at the same time. We can’t say the same thing about the stock market now can we?

On SPY (SPY) yesterday we rallied 4.25% in the last hour of trading and today we fell 3% in the last hour. This type of violence, with today alone being down over 6.33%, is what makes holding positions too difficult for the average investor.

Volume was as heavy as yesterday with most of it coming toward the close like yesterday. But unlike yesterday the performance reversed. Breadth probably put in another negative 90/10 day.

Go to part 2 >>

Comment on this article >>