Plus, it could be quite a while before the labor market can absorb all those people who are out of jobs.
I suspect that we're more likely to see corrective action in the form of a rotation rather than broad selling in the indices.
The American Association of Individual Investors weekly poll now shows 20% bulls. Let's pick it apart, and look under the hood while we're at it.
This is a good example of the great difficulty of being an anticipatory bear in this market.
The big momentum winners of the past two days are seeing some nasty reversals.
Let's review the charts and indicators.
It looks like TGT is positioned to move higher on the charts.
For those looking for a mild way to play a sideways to lower market, I offer an option spread idea.
After listening to the Yum call you know that almost every restaurateur seeking to make a profit will most likely fail.
One of the first things to do when the market starts showing signs of weakness is to look for areas ignored during the rally phase.