Thursday Outlook: Bulls Lose Momentum

Once the government’s paramedics [Fed/Treasury/Congress] started down the path of trying to manage the markets and bailout their incompetent and greedy banker patients there was no turning back--and, there’s not a move they won’t make to move their pals out of the ICU.

So was Tuesday a one day wonder? This is truly hard to know, but news from energy, currency, metals and bond markets stole momentum from bulls.

Volume was moderate to high; breadth was decidedly negative while remedial math at Yahoo/Finance is still a work in progress.

Let’s get to the real news today and that, as noted above, was led by currency, energy, metals and bonds.

Go to 'Thursday Outook: Metals, Commodities, International' >>

Comments

[CoolcatRepo...:]

David,

Excellent commentary as usual. Keep up the good work.

Kevin Kennedy
Publisher
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2008 Mar 13 11:03 AM

[tkhackworth:]

Fry sure is the guide to where the action is located. Please don't leave and work for a hedge fund.

2008 Mar 13 11:31 AM

[moby:]

Excellent info !

2008 Mar 13 02:15 PM

[David Fry:]

Thanks all! But, will you love me tomorrow?

2008 Mar 15 02:24 PM

[A.S.D.:]

Didn't see much on FXF from you when it was going the other direction just a short while ago!!!?

2008 Mar 16 09:19 PM