The pullback of the last few days has the bears more excited than they have been for quite some time. A quick read of the internet reveals quite a few pundits ready to call for the resumption of the secular bear.
Indeed, the last few days have seen a distinct shift in the tape action from "buy the dip" to "sell the rallies". That's bearish and worth noting.
Much has been made of today's negative Retail Sales report. And in fact this was the first case in recent memory where bad…Continue
Added by Steven Vincent on May 14, 2009 at 12:00am — No Comments
The BullBear Market Report
May 9th, 2009
The transition from the Fear trade to the Inflation trade is in progress.