Saturday, February 11, 2012

Blame Friday's Market on Greece!

The market finally had a sell off on Friday, and Greece gets the blame as the reason du jour. But the market was rallying up even with the uncertainty, so maybe it was just time for a pullback. The market has had quite a run without selling, and eventually it tends to pull back to the moving averages. That could be where the buyers re-emerge.

Other news going around...

  • Whitney Houston dies at 48. Another example of what drugs eventually lead to. It is very sad and tragic, but not surprising.

  • Good day for Mitt Romney in the GOP primaries. He is rebounding following the earlier losses to Rick Santorum.

  • I watched Rise of the Planet of the Apes, and actually liked it. Was the final fight scene on the Golden Gate Bridge a little much? Probably.

  • So many folks have been anticipating a market pullback for so long. Yet, we're told everyone is too bullish. Business as usual!
posted from Bloggeroid

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