Not only is profit taking the norm after a monster pop like we had Monday, but traders are seeing another good reason to sit this one out.
If the S&P 500 can get to 800 this week, it will mark a 20 percent advance from the 12-year low of 666.79, technically a bull market.
The Fast Money traders and a growing number of analysts are starting to highlight the risk of Congress overshooting in response to the outrage over the AIG bonuses.
Why are hedge fund whales making bullish bets on gold, when this precious metal has proven itself to be a long-term loser since 1970?
Too many analysts are making too many calls. How on earth is anyone supposed to sort through the multitude of conflicting notes on the banks today?
The Bernanke 60 Minutes interview lived up to billing with his comments that the country has avoided a Depression lifting market averages this morning.
Market followers often cite capitulation, or a monster down day as one of the key markers of an actual market bottom. However, history shows that it is quite possible for markets to bottom quietly.
Many traders still have their doubts about whether this is "the" bottom, but that is not stopping them from placing strategic bets to benefit from this bear-market bounce.
Have investors gotten so pessimistic that there are no bears left to sell and we are therefore due for an oversold bounce?