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Tuesday, November 26, 2024

Finally Some Purging Action

Submitted by Mark Hanna

Courtesy of MarketMontage. View original post here.

The last 20 minutes we are finally seeing some of that emotional selling that’s been missing … a small net positive for the short term.  Cisco has been masking the damage today in the DJIA and SP500.  The advance decline figure is in the mid 2000s, normally what you see with a -2%ish type of day.

Disclosure Notice

Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund’s holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/holdings/blog

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