Thursday, May 23, 2013

Thursday evening

Is it over?

It was a wild day from a pre-market view of the DJIA futures down more than 135 points to a gain of more than 40 points before closing down a dozen.  Are we due for a pullback?  Sure.  Has it started?  Maybe but for the last 7 months it has been right to buy the dips and the Fed walked back some of the scarier language from yesterday.  At least that's what John Hilsenrath attempted to do during the FM Halftime show.

Opinions vary on where prices go now.  That's why they ring the bell 5 days a week.