« President's Day Market Action | Main | The Curious Case of the US Dollar »

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8349edae969e20111686aa942970c

Listed below are links to weblogs that reference The "Test" Is Here:

Comments

Greg Feirman

That says it all. This whole selloff seems to be premised on a vague fear about nationalization and the endgame for the banks.

dj

Tim the Temp has to stop bailing out the Banksters

Jody Wilson

You're mixing apples and oranges. Sure, the Dow is re-testing a low, but the S&P 500 hasn't yet reached the November 20th low of 740 - that's why the average S&P sector is still positive. Besides, diverging sectors don't necessarily indicate future strength. Sectors were beginning to diverge like crazy in 2007, and that signaled a weak market, not a strong one.

In S&P land, the test is NOT here.

Alan Wynnewood

When we achieved the November lows, most investers did not understand that a "debt deflation" was underway. They were thinking "just another recession." Europe is just beginning to experience its credit collapse. China is playing games, but can't keep it up for long. I enjoyed the rally off Nov 20. Don't kid yourself. Other sectors will be hit hard as the months roll by, depending on excess capacity in those sectors.

The comments to this entry are closed.

Bespoke

Our View

Bespoke Premium

In The News

Premium Site

  • Morning Lineup
  • Short Interest
  • Upgrades/Downgrades
  • Sector Snapshot
  • Daily ETF Trends
  • Weekly Review
  • Economic Indicators
  • Trade of the Day
  • Bespoke Stock Scores
  • Daily Market Model
  • Daily Strategy
  • Daily Stock Odds
  • Market Studies