Discuss Market Comments 11/10

Still above support- The stock market took a break yesterday, pulling back from the recent highs as the dollar pushed higher again. The Dow lost 60-points on the day, and the damage was spread around pretty equally among the indices...

Market Commentary for 11/10/10

Current Daily Market Commentary

 

[coolhand]

Pretty interesting how the smart money is so bullish. A hook? And QE2 is a sure bet we're going higher as the Fed is seen as openly supporting prices, right?

Good opportunity for the big money to burn the bulls (perhaps more than anticipated) to get them out of their complacency.

 

[tsptalk]

I think more "dumb money" has to get pulled into this rally before the rug comes out from underneath the market. Our surveys are up to 3 to 1 bulls to bears, but others are still barely 2 to 1.