OK, hmmm, now what? The financials have had their day and the long-awaited good news on stress tests is out. They seem to have no more major good news ahead, so there is selling on the news today.
Since financials have been THE market leaders, does that mean everything drifts lower from here or what? I mean the economy is still not thriving, jobless claims are still high, consumers are not rich and ready to spend, so what could possibly provide the next catalyst for continuing a bull market?
I smell a bear in the woods.
Horsehead and Orion Nebulae