Robert, My choice for the trigger is a derivatives disaster.
I think the numbers tomorrow will be weaker than expected. Unemployment claims are up and factory orders down, and though they don't always correlate with jobs, they are pointing the right direction, IMHO. But, with all these numbers, no one of them really means much.
I find it amazing how fast sentiment can turn. When PPI came out, everyone cheered that there was no inflation. Then, the next day, when CPI came out, inflation was killing us. <g> I think folks are ready to turn on a dime too quickly. Probably because the stock market is so overvalued, it won't take much to knock 4-5000 points off the Dow. |
