Most Recent Stories


Despite bouncing sharply off the November 21 bottom in the S&P 500 we continue to see the breadth of the market deteriorate. The market has had every excuse to rally sharply in the last week – endless government cheerleading, a solid re-test of the November 21 low, a 40% rally in the financials, confirmation that nationalization is off the table, etc.   The weakness in breadth is another clue that the risks of having heavy long exposure remains elevated.

[singlepic id=55 w=320 h=240 float=]

Click for larger image

Please follow and like us:

Comments are closed.