Last Thursday I said, "For people to start heralding a quick V shape recovery when the current economic feel is much more uncertain signals to me a disconnect with the reality. I'm starting to think this current rally might have been a bit too much and too soon."
Today the market dropped 2.2% for no readily apparent reason. CNN Money thinks, "Stocks in recession retreat -- Worries that the economy is not likely to recover as soon as had been hoped drag on markets. Dow, S&P 500 and Nasdaq drop over 2%."
Day-to-day movements have too much variability and it's difficult to attribute any ups and downs to any causal event. Much too soon to call it a correct guess.
We'll just have to give it a few more weeks to know if the Market is going to slow down in response to the more uncertain economy (e.g. 0% economy).
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