Tuesday, February 4, 2014
some evening news
Bespoke - market is extremely oversold. 3-sigma down is just silly.
Bonddad - yes it's a correction, quit freaking out. He considers it a reactionary sell-off after December's window-dressing.
Bespoke - don't blame earnings. Stocks have on average gone up on earnings reports this month, despite the whole month being down. So the market is not concerned about earnings.
And Michael Shaoul's not concerned about the January ISM, because inventories went down. So either you can believe him, or believe some dumbass with a blog somewhere.