Watching the Early Weakness to Reverse
By Rev Shark
RealMoney.com Contributor
2/21/2007 9:19 AM EST
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Slightly higher than expected CPI numbers are creating a little early pressure, which sets up an interesting opportunity for the dip buyers. Dip buying has been consistently rewarded lately and it doesn't much matter what caused the dip.(DAMN HE'S SO RIGHT!!!!)
Any negative news is quickly forgotten in this environment and that is likely to be the case with the CPI numbers. Given the tendency to buy dips and the positive trading in small-caps yesterday, I suspect that there is going to be some pressure to keep things going, which means early weakness is likely to be bought.