The stock market feels long overdue for a pause

Up five days in a row for the Dow Industrials, and today seems like a good day to do it. Inflation topping 10% in the U.K. is weighing on Europe, but not by much: most European indexes are down about 0.5%. Pisani's 25th Law of Broadcast Journalism says, "You know you're in trouble when your best sources call and ask YOU what's going on." I've been getting those kinds of questions lately. "Why do we keep going up, Bob?" You might call it a seller's strike.

"The size and breadth of the recent market rally seems to be more than retail buying could support on its own and suggests larger institutional activity, so we may be seeing the smart money getting into the market in size," he said. "After missing out on a good portion of this second half rally, institutions may be starting to increase their market exposure in order to make up for the returns they already missed...

Take your profits now.

You mean a crash?

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Analysis: As earnings support U.S. stock rebound, worries over future profits growStronger-than-expected corporate earnings have helped fuel the rebound for U.S. stocks but some investors are pointing to potential risks ahead for profits that could sap the market's momentum. We knew this level of economic carnage was possible when the Democrats won the trifecta
Source: Reuters - 🏆 2. / 97 Read more »

‘Zombie’ stocks AMC and GameStop could feel the cash burn, says New ConstructsShares of AMC Entertainment and GameStop have risen 98.4% and 76%, respectively, over the last three months, compared with the S&P 500 index’s 5.7% rise. That literally means nothing. Trade them at your own risks, they are disasters Better keep your eyes on these -zombie- stocks
Source: MarketWatch - 🏆 3. / 97 Read more »

Swap speculative stocks for more boring plays even as market rallies, Jim Cramer says'It's time to take profits on the most speculative stocks in your portfolio and move that money into something more resilient,' the 'Mad Money' host said.
Source: CNBC - 🏆 12. / 72 Read more »