The Tran not rallying well out of the summer lows also says more weakness than the S&P/Naz are pricing in.
Considering the cratering in fuel prices one would believe that if this were a new bull leg transports would be flying in anticipation of increased activity.
But alas, all the rationalizing did not save me from being squeezed out of shorts.
Oh well, nobody ever said markets were rational. It truly is more about fear and greed.
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