Reality check today???
As Goes the Apple, so Goes the Market
I SURE HOPE THIS ISN'T THE CASE!!!!!!!!!!!! THAT WOULD SUCK..............
By: Mark Hanna
Posted on: August 21, 2012 at 3:08 pm
… at least today.
The weakness in high beta glamour tech this morning was definitely a leading indicator for what was set to come. A lot of the "go to" momo names are being hit today, as many are quite extended. Bonds are catching a bid as we see a double bottom in the TLT ETF chart. U.S. bonds have been in a multi year bull market, so one should not expect them to roll over and die with zero fight. The nature of their bounce and how equities respond will be very telling information.
http://marketmontage.com/2012/08/21/as-goes-the-apple-so-goes-the-market/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+marketmontage%2Fxyz+%28Market+Montage%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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