Friday, February 01, 2008
So January's in the books; suffice to say it wasn't too pleasnat for many people. (Though not, apparently, banks; Macro Man has heard a couple anecdotes of record Januaries for financials.) With payrolls and ISM today, February could start on equally treacherous footing.
The candlestick pattern (whatever it may be called) didn't work yesterday; whether that sets the stage for a more pronounced rally or an even more painful decline remains to be seen.