Don’t be Fooled by Today’s “Crash” and Subsequent “Rally” (ANF, MS, PNC, BAC, more)
Posted on May 06, 2010 at 16:02 PM EDT
Today’s trading took a bizarre turn as several technical glitches drove the markets down furiously, but there will almost certainly be many trades that will be cancelled. Now, the market has been in correction mode and we have been overdue for a bit of a washout. That said, we have been making adjustments to our portfolio [...]