unemployment number is not up to par.
Even if it is strong, this over-bought market could still fall because people could start worrying about Fed's raising the rate.
I am not a holder at these levels.
In this last run up this is the first time I have seen this low of volume in price dips. Usually you would see 100k orders flipping through as it drops... I only see a little of that happening. and selling -and a little buying- continues.
If you are a true buyer, not a hedge fund pumper, then I think that your should be careful.
I always wonder why the government is forcing out most directors on the BAC board: maybe a take-over is planned if the unemployment rate stays high.