Market Currents

Market recap: It took only an hour for stocks to wipe away early gains from euphoria over...

Monday, June 11, 2012, 4:10 PM ET
Market recap: It took only an hour for stocks to wipe away early gains from euphoria over Spain's bank bailout, and selling accelerated into the afternoon as investors questioned the details and began to look to Greece's elections next weekend. Crude oil slipped below $83 as bailout news fizzled and the Saudis hinted at higher production. NYSE decliners led advancers nearly four to one.

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This news story has 10 comments:

Jason F Comments (217)

I called it here http://bit.ly/Mmbas2. However I still think we are rallying this week, we arent done.

11 Jun 2012, 04:24 PM Reply Like

untrusting investor Comments (9879)

Ugly ??? maybe for bulls like Birinyi and Wein.

11 Jun 2012, 05:10 PM Reply Like

davideford Comments (39)

If light crude breaks the 200 dma, then the risk off trade is most likely confirmed for a while. That's a pretty nasty bearish engulfing on the weekly and daily... The USD has been trying to move higher lately.

11 Jun 2012, 07:14 PM Reply Like

kyleg17 Comments (174)

Hey Jason you want a cookie? The tiny rally was a classic bear trap. I think everyone saw it coming. We are going lower.

11 Jun 2012, 07:23 PM Reply Like

TruffelPig Comments (3256)

Bull trap.

11 Jun 2012, 07:49 PM Reply Like

TruffelPig Comments (3256)

All full with bears again....lol

11 Jun 2012, 07:49 PM Reply Like

birdmaestro Comments (129)

I'm a swing trader at heart, but the only way to be involved with this market is to day trade unfortunately. The ultimate pop & drop market.

11 Jun 2012, 08:30 PM Reply Like

kyleg17 Comments (174)

Yea bull trap, sorry. I think the market will be pushed down far enough in the short term to start buying for the long term. And by long term I mean, 1 year from now lol...

11 Jun 2012, 10:13 PM Reply Like

TruffelPig Comments (3256)

The fluctuations in stock price are larger than the market fluctuations - I never look at the market, only at the company price. If it is cheap (it might get cheaper, I know) I might buy if I like the company and hold.

11 Jun 2012, 10:22 PM Reply Like

birdmaestro Comments (129)

Time frames in stocks (and the market) vary from HFT to buy & hold. The key for me has always been to find the time fame at the nexus of the current state of my temperament and the current state of the market. That way I can make money - and sleep.

12 Jun 2012, 12:46 AM Reply Like

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