Oct 10/14 – The bear is not dead!
Two days ago the S&P had the biggest up day of the whole year on news that the Federal Reserve was worried about the strength of the US dollar and the global economic slowdown. We rocketed up 45 S&P 500 handles and closed at the highs of the day. The bulls were confident that the selling was over, and the bear was dead.
But yesterday, a mere 24 hours sin…