Thursday, May 08, 2014

Market Thoughts ... Uh oh?

Another day where small caps and growth stagger. The market looked on pace for a nice day, and Yelled was doing her best to stoke enthusiasm on easy money.  In the end, growth and small caps gave way.

Sell in May not dead yet.  The market can't seem to rally at all as the SP500 is turned back while on the verge of making a new high.  That being said, the market is very close to a new high.

I plan on lightening up some more.  I've been noodling around here and there and took some profits last week.  I don't have profits in everything I own.  I think the summer correction is more likely with growth, banks and small caps struggling.  Fewer and fewer stocks seem to be holding this thing up.

Stocks Fall as Technology Shares Erase Early Rally

By Joseph Ciolli

Bloomberg - Bloomberg - Thu May 8 20:15:00 UTC 2014

Most U.S. stocks fell, after the Standard & Poor's 500 Index climbed to within two points of a closi...

If you have Windows 8, open this in Finance.

Sent from Surface Pro

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