Tuesday, July 15, 2008

Today could be really bad...

Update (10:05am) - Indexes are off more than 2% already. Today is ugly. Get ready for some whipsaw action though. Bears tend to buck more than bulls when it comes to markets.

Update (11:15am) - Market rebounding. This market is not for the feint of heart.

Update (1:00pm) - Almost back to yesterday's close. Other than short's covering, I can't possibly figure out what has people bullish right now. Oil is down, but it will take oil going under $100 before there is any positive impact to companies bottom lines. Just a strange and dangerous market.

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