Online Stock Trading | A scene out of Monty Python and the Holy Grail…RUNAWAY

A scene out of Monty Python and the Holy Grail…RUNAWAY


Filed Under Market Commentary |

Stocks certainly slump, coming in with a distribution day today.  Although volume came in light it was a distribution day nonetheless.  S&P600 led the charge down losing 1.58% followed by the Nasdaq down 1.57%.  NYSE volume surged to 1490.5mm up 15.35% and the Nasdaq 1334.72 up 24.26% giving us the distribution day. 
 
Cash is king and its going to ring true for a long time!!!
 
I can’t really add anything here.  I can only say that I’ve been advocated cash, cash, and cash!!!
 
MktSpec

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