Feb
Economic Data Rattles Market Again
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When I wrote the update this weekend I stated the economic data this week could set the tone for the markets. How true that has been. The jobless claims for the second week in a row were weak. That combined with the durable goods data on the weak side sent investors to the exits again. This is the third day this week we have experienced big swings up and down.
The selling is building concerns again towards the downside risk and will the markets move lower again? Time will answer the question, but stops will prevent extensive damage. You know I am going to talk about risk management! Stay focused on your goals and don’t get caught up in the emotions of this weeks trading.
Today I address the downside risk of the markets and what opportunties or options are developing.
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