Good morning. The Nasdaq is currently trading at a new all time record high. Overall the stock market continues to grind to fresh highs on seemingly a daily basis. Volatility readings remain at their lowest levels since the great calm that surrounded the rounded rock boom of 12,000 b.c.
The market will correct at some point? Right?
After yesterdays 'swoon', prices are in recovery mode this morning. Let's face it though, despite some of the nasty pull backs in tech it wasn't a miserable crash or the long awaited correction. It was just another instance of luring in the bears yet again, before the market heads to new highs.