Stocks down sharply - maybe the party got too crowded

barrons.jpg This week's Barron's cover struck some traders as bad news because too much talk of bullish times is often seen as a bearish indicator- that the market has, in effect, peaked out. Yeah, I know it sounds nuts, but the pattern is often accurate. Keep in mind, though, that the first part of February is frequently weak for the Dow, and that the market has been due for a sell-off. News-wise, this was a fairly quiet day, so there was no particular reason for the drop. At the close, the Dow was at 13,880, down 129 points. It's the first triple-digit drop of the year.

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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