Why is it that everyone seems to want the "rally" to end? If you consider that the market has fallen 50% in a couple of years (and the rest) and its rallied just 25% or so this year, we are still around 40% down for the two years, i.e. plenty of up swing available.
Also, we know that June and July are not pretty from a trading point of view (some would argue that given the reporting season, August is not much better), so why does anyone see this "sudden slump" as anything but normal trading for this time of year?
Finally, ppl say economic recovery lags the market by at least 6 months - so why expect economic news to be "better" now, when this bear rally has barely run 3 months? Totally irrational behaviour again, i.e. situation normal, the weak are encouraged to capitulate, the strong pick up cheap stocks and eventually the rally continues...
