We get a two day pullback and ALL I see are calls for the coming Apocalypse, Armageddon and the Rapture. Really? This tape has been so conditioned to expect higher prices that when we see profit taking it automatically gets construed as the “beginning” of something. Cant the market just be the market? Yeah, it goes down once in a while too….and yes it can go a little lower before it goes higher.
Sure the momo stocks have been hit with a waffle iron to the face again after big rallies off their lows. Those will always be the first to get hit in a pullback. Get used to it.