The market once again punished those that chased as it made a round trip after being much higher earlier. This is a far cry from the market investors have gotten used to where momentum rules and strength begets strength. Trading was thin as many have signed off to watch the World Cup.
I am starting to think that taking the Summer off might be the best course of action for most investors. If a double dip is going to happen it should happen in the coming months. At the same time shorting is dangerous as the market is oversold and sentiment is negative. The sidelines seem nice and the beach seems even nicer. Have a good night.