hollowman

'The Worst Is Over for Financials' - Really?

Perception is reality in the markets, and the markets still feel the worst in behind us. Up until April, AIG would have sent the market into a deep dive, and if oil would have made this a major melt-down. I think you could have easily seen this turn into a 4%+ down day with 90% down, and on extreme volume.

Today - decliners barely beat out advancers on the big board, and the indicies were off -.94 (Dow) to -.23% (Nasdaq) - oh, and the Rus 2K was green. As for the volume, let's just say I think people were out enjoy a day off from the looks of it.

I'm not saying things are hunky-dory, but I certainly wouldn't want to short this market.