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China slopped up our market today. Evidently their economy isn’t growing as fast as some thought, and some wonder about their earnings and financial reporting. What a surprise. I guess Liberace dated many women, and Michael Jackson was a good baby sitter. Some things we already knew.
If you are following at home, I made some stop adjustments, as well as some sell side moves today, so please check the P&L.
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Tomorrow is the end of the trading week, lets see if the bulls step up.
This correction was overdue….relax, its what bull markets do.
Have a great night. See you in the trading room tomorrow.
Joe
Pray for Justin Beiber tonight.