Tuesday, March 27, 2012

Financial markets now in for a stall out

It's been too good. Best guess here is that we are now going to settle down, maybe retrace a little, and certainly not keep the trajectory going up in the near term. Most economic data is relatively neutral at the moment and there is national political uncertainty and geopolitical uncertainty that requires caution.

Is the retail money now flowing in, looks like it? That could keep the show going on if it is, but from here it also seems that some smart retail money is beginning to leak out of favorite small caps.

No prediction here, just the usual speculative and cautious comment.

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