Monday, July 18, 2011

Monday Swoon

Banks and debtBanks and debt are the reason du jour for stocks tanking. $$

The markets will struggle to rally without the financials. Again, this may create the kind of intraday volatility that can set up some nice trades. But I think ultimately the market retests the bottom of the trading range.

It is summer, after all. How many times does this scenario play out? Most of the time...

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