Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
Until late May every correction of 2013 has been of the 2.5-3.5% variety. That was just about where we had been the middle of last week before an oversold bounce. The question at that point is always – is this the beginning of a “V” shaped bounce now made famous since 2009 in QE markets, or it is the old school oversold bounce that used to be prevalent pre 2009. With the saber rattling in the Middle East it appears for now the V shape is going to be off the table.
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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/index.php/the-fund/holdings
