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October 1, 2009


NOT A PROMISING START

When did everything get so predictable? October is supposed to be rough and this is not the kind of start bulls were hoping for. They’ll have to dust off that “buy ‘em in the fall, sell ‘em in the spring” maxim. But, oh, that didn’t work great if March counted as spring.

The green shoots turned to mold today as economic data again came in worse than expected and couldn’t be spun the other way.

Let’s take a look.

Volume was higher on selling (another replay of recent history) and breadth was negative enough to perhaps be a 10/90 day.

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Let’s check out the Four Horsemen shall we?




















































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Source: Friday Outlook: Fear Strikes Back