The Art & Science Of The Trade II

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'Round Midnight: Gone Too Seed 5/7/2008 7:25 PM

Posted on May 07, 2008

Back down under 13,000 and 1400 on the DJIA and S&P 500 respectively.Does it matter?Psychologically perhaps, but did anyone really think we were in a new bull market....except for Richard Russell and assorted Street Stra-Tee-Gerist Grifters?No one I know believed that including me, but Investors Business Daily also seemed to be spreading that message.As I mentioned in the afternoon, it's possible that we reached the puke point on Crude Oil as far as broad market equities are concerned, but why did Emerging Markets take such an insolent pounding?Brazil was down over 3% and China 6%. Brazil is n...

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bull market , markets , sp