3D market

It’s going to take a few days to understand what anything (stock) is worth,   it is simply premature to buy this May correction of 7.5%.   It doesn’t matter if error trades, fund liquidation due to margin calls etc. or just panic was responsible for the ‘milliseconds’ plunge.   The problem was before….We noted the ‘lack of leadership’ in the Eurozone and the ECB meeting possibly rattling the markets again.   Well, it was Trichet calmness on the sovereign concerns that was the ‘match’ that led to the fire we witnessed in awe.

Anyways, stocks were for sale before the afternoon plunge and have been for days with no buyers stepping up for 3 days as we’ve discussed.   Simply,  it’s been a buyers strike and we’ll continue to stay in this camp.