@realmoney
What's more "real" - the charts of General Motors and WalMart or the charts of SPACs and the other "shiny objects" of affection?
Well, they both categories are "real." but I would argue that the charts of $GM and $WMT - which have moved steadily lower from their
What's more "real" - the charts of General Motors and WalMart or the charts of SPACs and the other "shiny objects" of affection?
Well, they both categories are "real." but I would argue that the charts of $GM and $WMT - which have moved steadily lower from their
recent highs (GM from $46.71 to $41.62 and WMT from $153.65 to $145.65) - may foreshadow some broader market concerns.
Don't get me wrong, trade whatevs makes you money - if you can profitably trade speculative stocks, not because they represent fundamental value but because
Don't get me wrong, trade whatevs makes you money - if you can profitably trade speculative stocks, not because they represent fundamental value but because
the share price is taking a northerly route as momentum is your best friend.
But my focus is on the larger market, here - and the deterioration in some large cap market leaders is another reason to have healthy skepticism of the market's overall direction.
But my focus is on the larger market, here - and the deterioration in some large cap market leaders is another reason to have healthy skepticism of the market's overall direction.
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