Wednesday, February 17, 2010

The Market Suprise

Just when everyone thinks they have the markets figured out-BOOM-it does something that totally catches most investors off guard. This is exactly what has happened the last 4 trading days. The Longs sold, The Shorts bought, and everyone lost money. It seemed perfect: Europe financials shaky, huge snow storms hitting the U.S., poor technicals, and a bearish atmosphere..then...out of the blue the markets rip to the upside leaving most wondering -why?. Sometimes the market acts in such a way to disappoint the most people. My guess is that this time program trading hit a "still" market. Dollar got dumped, commodities got bought, and the indexes got hit with massive buying. There was no real news (at least that mattered before). Where do we go from here? I have no idea. It could go either way. It is times like this that I like to wait and watch until I get "the feel" again. Stay tuned........