Well, today was an ugly day in the market…. unless you were long gold, materials, or ethanol.
I think we have Bernanke to blame. Here’s a video from business students at Columbia University. I think I learned more about interest rates from this video than I did in my econ class.
Well, my orders never filled today, so I guess I’ll just start trading again Monday. The market is a bit overbought, as you can see from this table– more than half stocks are above all moving averages, and today’s decline was an attempt to fix that.
