Brokers and Mortgage Lenders Dominate Trading

March 19, 2008

Are you excited that the group leading Tuesday trade was the beaten down stocks? Oh yeah, the leadership we do not WANT.

Volume and VIX continue to show that we may not have seen our ultimate lows. The drop in the VIX yesterday tells me the willingness for the market participants to believe we have bottomed. This is very dangerous and toss in a lower volume massive rally. It only spells trouble for those who throw their eggs into this market’s basket.

The Easter Bunny is not always so nice.

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