It is a warning flag if the market is not responding to data correctly.
Prices move before fundamentals. It is a warning flag if the market is not responding to data correctly. This is one of the cardinal rules I write about in the Investment Survival Guide. I don’t know what happened to the market Tuesday that caused a 265 point plunge on the Dow. Not that I usually do know or anything presumptuous like that. Oh sure there are no shortage of pundits offering theories to explain the daily machinations but only the most naive of investors believe they know what they are talking about. But after seven down days, six hundred points or so and … Read more