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Christopher Carolan on Financial Markets & Lunar Cycles

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It’s Different This Time

October 30th, 2009 at 9:45am · 8 Comments

Yesterday’s herding buy behavior had all the earmarks of the masses  who’ve figured it out.  After all, the lows of September 2 and October 2 led to at least five consectutive up closes in each case. So yesterday’s buyers, having figured out the pattern, jumped on board.  But as we’ve noted before, when you get the keys to the market, the market changes the locks.

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Tags: Euro · General Market Commentary · S&P 500