MysteryTrader's Commentaries
Nov
2
2006
Doubting “Goldilocks”
by MysteryTrader
Overall Rating:
Weak actual data is casting doubt on “Goldilocks” economic assumptions (not too hot, not too cold, but just right). The ISM Index and the Chicago PMI were worse than generally expected. This is providing a convenient excuse to liquidate longs after a persistent overbought condition.
The Employment report on Friday may provide a further excuse for action.
Selling rallies is paying off—at last!
Tags: economic-events
