With a series of mysterious “mini-flash-crashes” in US stocks first thing this morning, it is important to understand that over-stretched prices on vapid volume- a few algo machines doing the lion share of trades– results in rickety, immune-deficient markets, susceptible to sudden reversal.
Source: Cory Venable, CMT, Venable Park Investment Counsel Inc.
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Article today by Hulbert on possible market topping:
http://www.marketwatch.com/story/leading-indicators-of-a-stock-market-top-2012-12-14?dist=lcountdown