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Today was one of the worst days the market has seen in a while. With widening sovereign debt concerns, the Goldman Sachs charges, BP oil spill and trade tensions with China, there is plenty for investors to be nervous about. Considering all of these factors and the weakening Euro — the profit taking, rush [...]  Stocks have posted a very impressive rally over the past year. In fact, the S&P 500 has gained 73% from the March 2009 low of 666. But this devilish support level will likely be tested again before the year is through. I view the 2009 rally as nothing more than a dead cat [...] |
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