Why this Market Rally has a Real Problem

Posted by Patrick Ceresna on Nov 3, 2014 3:05:00 PM

I love analyzing the markets because it is a journey into understanding the human psyche. There is no better illustration of the fickle emotional rollercoaster than the recent market volatility. Over the summer the bulls reached a euphoric state of bliss in the belief that bull markets are perpetual and easy. But then something happened. The U.S. dollar began a significant rise that unraveled the commodity complex and drove a new bear market decline in almost every energy and basic material stock. This psychologically broke the euphoria and ultimately drove the panic selling of the 200 point S&P500 market correction in October.

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Topics: Market Rally, market conditions

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