Stocks Looking to Rest
Stocks begin the week needing to breathe after an overwhelming 7 days of news all over the landscape. Last week at this time the globe was worried about World War III but ended the week with a better than expected employment report. The bull market remains old and wrinkly, but very much alive. At this point there are no serious warning signs that the bear wants to come out of hibernation. Furthermore, there aren’t even any warning signs that a double digit decline is gearing up.
All I can say is that stocks are a little tired and want to rest to begin the new trading week. Until proven otherwise, continue to buy the dips…
COMING THIS WEEK ON THE BLOG: SELL PIMCO & BILL GROSS