Tuesday, June 14, 2011
Don't be fooled!
We are bouncing today, up about 125 points on the Dow so far. Don't be fooled! There is a lot of economic data due out this week, and everything that was so negatively interpreted from last week is still valid. This is exactly what I wrote about from last week - traders/speculators are looking for any opportunity to jump in if the market pulls-back, because they incorrectly think it is a great bargain. It's not.