I would agree if we were sitting flat the last couple hours, but today I think the gains stay strong into the closing. cnbc will be cheering again that the dow is only 600 points away from a new record high and kudlow will praise goldilocks again.
back in the bulls court??? I dont think a market has its correction in 4 days, yea we may trend higher, but there is no possible way the markets are off to new highs. ITs going to be a very volatile ride, wouldnt be suprised to see another triple digit gain tomorrow followed by a triple digit loss on Thursday.
Quote is out of context... I was writing about the next few days. Not back to longer-term bull market.
I am saying we go down tomorrow. Itâs just a gut feeling. Markets donât drop and gain it all back so easy.
I bet many think yesterday was July 14th 2006 when everything touched bottom and rallied from that point on.
I predict tommorrow DOW +20-50, S&P +4-10. The day after that....down similar amount. Of course, this is based on zero research and is akin to saying, "I think the roulette wheel will land on red this time"