Friday, January 17, 2014

The Bulls Run for Cover Today

The initial ramp at the open has turned to a rout. The S&P touched the previous day's close, and then began a sell-off in earnest. Strangely enough, as I type this, with the S&P 500 down by 10 points, the Dow is still barely in the positive, with just 15 minutes left in the day and week. Since Monday is a holiday, this may be an exposition of market sentiment going into a long weekend.