Volatility breeds contempt.
You could find 10 reasons to buy or sell anything. The trick is finding one that gives you some conviction. In a violent market it gets tougher and tougher to believe in a trade. It’s especially true when there isn’t a clear headline or story to drive market moves.
The stock market rolled over yesterday despite the best initial jobless claims report since 2007. There were some worries from China and of course the never ending fears about the US and global economy. Heck, maybe it was the crooks at JPMorgan frontrunning their own crappy earnings report. A market like this makes you feel like someone knows something you don’t.
In any case, the week is more likely to end with a bang than a whimper. If not, get ready for the US retail sales report on Monday.
