I love how US interest rates are all of a sudden "the" new big problem. The "market" is like a school of fish swimming along happily even when it's surrounded by sharks (china bubble, inflation, climate change Blah, Blah, Blah...) and then bang, one fish change's direction and the whole school has darted onto a new course. Who knows what the trigger was for the change that's not important what is important is that you recognize things may be changing. If you're left swimming in the original direction you will become shark's lunch. That's why I trade, the "buy and hold" game takes away the only advantage that small investors/traders have over the Big Boys, we can raise cash in an instance just use this.
It looks like we will get the bounce next week that I was taking about yesterday. The question will be what to do with that bounce. Can we expect it to run up to new highs or into the holding pattern of our recent range or has the school of fish really changed direction? Is this the over-sold market
