Last week was the worst week for the market since 2008. I cannot point to anything so terrible that occurred that should have led to that type of decline. This morning the S&P futures are up 20 points based on the same old speculation we have been seeing for months.
Most people make tortured explanations out of this action as if it is all rational behavior. I view it as simple mood swings. One can either take advantage of the mood swings or get sucked into them. I will look to use strength this week to reduce my net long exposure after increasing it late last week.