Maybe.. but what's amazing is the low confidence the US traders have in the US market. This is a bad sign of the times.
lol low confidence? sir you're a total joke. this market has gone 5 years without a 10% correction which is a world record. the last 4 months its ignored bad news from every angle and has refused to fall for more than a day or 2. every slime trader in the world has bought every dip for 8 months with no pain. if you call that no confidence god help you
Maybe it has something to do with the homebuilders. The news of the missile attack just made it worse short-term. I remember after the London bombing, the market was down huge but managed to rally and move higher in the next weeks. The last few day's action look very similar to the week of 2/22. We will know soon. Edit: I'm currenly long QID.
Posted by john12 above: " lol low confidence? sir you're a total joke. this market has gone 5 years without a 10% correction which is a world record. the last 4 months its ignored bad news from every angle and has refused to fall for more than a day or 2. every slime trader in the world has bought every dip for 8 months with no pain. if you call that no confidence god help you " Well said. Plus, look at credit spreads for junk, emerging market debt, etc. It's a fool's paradise.