This headline was taken from MarketWatch this morning.
Figure 1. MarketWatch
Oh my gosh, I thought, the markets must have been down oodles - all of yesterday's gains gone. So I opened up my Tradestation and the QQQQ was off 0.06% and the SPY was down 0.20% in the pre-market. Horrible. I am ruined.
Market participants are acting like spoiled children. The smallest amount of discomfort provokes an over exaggerated response. Thank goodness, there is Uncle Ben to give us more sugar, and no doubt, he is willing to deliver.
However and from this vantage point, expectations are beginning to match reality, which opens the door for surprises.