Stock Market tumbles 146 points . . . The Perfect Bull Trap on Sub-Prime Woes

After an opening surge up 120 points, the Bears pulled the rug out from under the naive Bulls who thought that  Monday’s upward move of  92 points was a sign that the sub-prime loan mess was no longer a factor for stocks.

The very worrisome factor in today’s move is that it set up a classical stock value key reversal. Today there was a "key reversal,” when the prices mark the highest price then turnaround and close below the previous day’s low.  When this occurs, the market is announcing a very likely correction. So be careful![tags]stock market,key reversal,sub-prime,subprime loans,housing bubble[/tags] downtown San Diego real estate

Sharing is caring!