A Quick Thought

I'll be quick today.  Markets are in profit taking mode this morning  Don't be surprised by this.  Stocks are very over bought by our work and markets have been basically been going up every day since Labor Day.  Some profit taking ought to be expected at some point and today seems like it's the day, at least at the start.

Here's some perspective on what we're seeing so far.  The talking heads on TV are pointing out that so far we're seeing about a 1% drop in the markets.  That takes us back to where we traded about a week ago on most indices.  Stocks don't go straight up and they don't go up forever without some sort of pull back. 

Back tomorrow.