Tim Smalls
Tim Smalls
acted chalk fact market move people percent positions reluctant start today
All things considered, the market acted pretty well. You can chalk up 20 to 25 percent of this move today to the fact that it is the weekend, and people are reluctant to take positions home, or start new ones.
digest higher level market next otherwise prove short test turn week
The market next week has got to prove itself. The market's got to digest this and turn higher over the short term, otherwise we're going to go back to test the 8,400 level on the Dow, and about 890 on the S&P 500.
anyone possible rate scenario surprised worst
We got the worst possible scenario today: no rate cut, but confirmation that there is weakness. However, I don't think anyone should be surprised by this.