Reminder: Markets Do Go Both UP and DOWN

April 9th, 2010

People can forget this quickly; but markets actually do go both UP and DOWN traders. Granted, the market has not yet exhibited any significant signs of weakness or an impending pullback, but we would humbly like to remind you all once again that markets do indeed still go both ways. Sometimes, as is presently the case, markets can persist in a trend for a surprising length of time, but the retracement will eventually come, often when the least number of market participants expect it. Notice the trend of sharp pull-backs after seemingly long bull runs on the SPX.

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