On a day when the NASDAQ was down more than 1% into the close, the S&P and DOW were barely treading water, and I personally had three positions that sank more than 2%, you would think it would be pretty clear cut that today was decidedly “not bullish”.
But you would be mistaken, as I counted off numerous Twitter beings preaching the mighty “bullish day” we had. Did you, perchance, see that awesome rally the DOW had? What with all the bouncing I had to hear about today, you may have completely missed the HORRIFIC SLAUGHTER occurring more or less everywhere.
Please rest assured that in spite of the glorious bull market we had today, the man being murdered behind the shed was still very much stabbed to death. But by all means, get about to fretting over the first degree butchery at your convenience.
Go check out the Fly’s blog, where he has conveniently posted the black list of the mutilation.
On the one hand, today’s action only set us back to early August.
I guess the other hand is that we are not done going lower yet…