Of course it can bounce. No one disputes that. Our own Carolyn Boroden told a very good story here about a bounce. We were down big yesterday. We have some companies that reported good numbers and some that are bad.
The good ones are asserting themselves.
The bad ones? They can lift, too.
How about the bull markets?
Defense: Very hard because General Dynamics (GD) simply wasn't that good.
Transports: Rails and freight all terrific.
Apparel: Real good.
Restaurants: Just fine.
To me you just have to stay close and recognize that we have some mixed pictures.
Bounce, bounce bounce: trim, trim, trim.