The S&P 500 is still up about 78% in the past 14 months- one of the best periods in history so some level of pullback is probably good and healthy. Remember our saying around here "markets go up and down, not up and up."
Friday, May 7, 2010
Crisis,Anxiety & Error
A destructive mixture of all the above in Thursday's sharp U.S. stock market pullback. a cogent article in IBD today providing some perspective. While some of the issues yesterday might have indeed been trading errors or even a computer virus , little doubt that the underlying concerns centered on the worldwide debt bombs beginning to explode in Greece(and other European countries).
