Stock Market is All Treats, No Tricks, For October... But Is It Real?
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Well, this is it - do or die time for the bulls. I've said a handful of times now it's easy to be bullish when stocks are rallying, but the real test of that bullishness comes when stocks are falling... will the market stay in that same buying mood?
Right now it's still a little early to come to a conclusion. Indices are tanking more than a full percentage point today, but after a 17% upswing in less than a month, a pullback of that size could be expected without it meaning we're getting ready to crater. In fact, the market deserves a pullback even bigger than that before we have a need to worry.