Not exactly the powerful gap and ramp today after the great news from the tech/semi sector yesterday. While the Nasdaq was higher, the rest of the market struggled to do much. (Although, come on, we’ve had quite a move in the past week already!) You know, that’s exactly what Yahoo Finance said:
Meanwhile, the tech-rich Nasdaq outperformed the broader market for almost all of the session as the S&P 500 was mired in choppy, mixed trade. Broader market participants failed to rally around Intel's announcement. Their lack of interest was partly owed to the notion that the stock market had become overbought after it had advanced in six straight sessions for a cumulative gain of more than 7%.
Link
Yeah, yeah. That.
I remain rather calm and unemotional about the market right now. I understand the bull and bear arguments, and ultimately favor the bull side more. But, it is summer. Patience, Muck.
