MysteryTrader's Commentaries
Jun
21
2006
Stocks NOT responding to good news
by MysteryTrader
Overall Rating:
The ever-hopeful bulls are talking up better-than-expected earnings reports for Morgan Stanley and FedEx this morning. But the problem is that this market is not responding to good news. And THAT is very BEARISH. I continue to use rallies for short selling, until proven wrong by the market itself. The market is the only true guru, and it often speaks with forked tongue. So there you are. If you want a sure thing, buy T Bills—small return for small risk.
Tags: economic-event
