We're in a bit of a hiatus period here. Earnings for the first quarter are out and that's already in the market. The Federal Reserve did what it was going to do and that's in the market and we've got a neutral position in the short term for a lot of stocks. |
You can't tell a selling climax is over unless you get a short temporary rally. |
You don't need much of a reason these days to go down 5 or 6 percent. And we have some good reasons today: bonds are down and the dollar is getting clobbered. |