Commentary Topic from greenfaucet
FNM, FRE, LEH & Putin is not a new securities firm but just the elements in a cloud that continues to hang over markets. Let's face it, we're just moving back and forth here. One week bulls seize the tape with declining commodity prices and a strengthening dollar then the next bears emerge and reverse everything. This is either trading range action on lighter summer volume or the start of a new down-leg in a bear market. It's too soon to make the case either way.
Volume remains light especially on the NASDAQ while breadth was unremarkable.
