Guest Post: By Dave & Donald Moenning of StateOfTheMarkets.com
Given that (a) stocks have fallen for four consecutive days and (b) there haven’t been any clear-cut, obvious catalysts to the pullback, it is probably safe to say that there are “issues” at work behind the scenes.
Granted, the decline over the past four days hasn’t been severe (the S&P is down just 1.63 percent from its September 18 high). And as such, the bulls will contend that there isn’t anything to worry about at this stage.
However, given that in the stock market “things don’t matter until they do – and then they matter a lot,” it is probably a good idea to have at least a cursory understanding of the “issues” at hand – if for no other reason than to protect oneself against something big sneaking up and causing a really serious problem ......