Stocks Recover A Bit, But Without Much Gusto
By Victor Reklaitis, Investor's Business Daily
Posted 07:21 PM ET
Stocks snapped back somewhat Tuesday from Monday's broad sell-off that handed the S&P 500 its worst loss since November.
Tuesday's rally wasn't that convincing, however. Volume decreased across the board from Monday's levels, and the main indexes recouped less than a third of their losses from the prior session.
The S&P 500 rose 0.6% but stayed below the 1500 mark. The NYSE composite and Nasdaq tacked on 0.5% and 0.4%, respectively, lifting from around their 50-day moving averages.With IBD's outlook downshifting to "market in correction" after Monday's session, it makes sense for investors to adopt a more defensive stance. Consider trimming your exposure and just holding on to your best and most resilient stocks.
Yada yada yada, the big effing picture...same sheeeeee-it, different day, different week, different month, different year. And then when IBD turns positive, you just ignore it and keep calling for the imminent end of the world. So what's the effing point of reading that stuff at all if you only pay attention when it confirms your stuck in the muck view (which, I might add, has been consistently wrong for long enough as to be worthless)?
Ib d man , remember the 2011 lows and the violent swings back and forth for control of market ? Look at the daily chart and turn it upside down . It takes months to unload and reverse . Sometimes it is a shakeout before breakout . We have to see how it plays out . V shaped drops lead to V shaped bounces . Good luck !