Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Thursday, August 12, 2010

Watch out

The jobless report this morning showed the numbers have worsened again, tanking the pre-market Futures. A bull run purge is a two sided coin. If it doesn't cause panic it clears the way to go much higher. If it backfires on them and panic sets in fast then they caused the new leg down in the market that they were trying to prevent. This could be it, they may well have caused too much panic in the crowd that rode the Sept 2008 leg down, and those people sure don't want to take the chance of going through that again. If the bailout team doesn't jump in today and save us.......look out below.


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