Linda Raschke Blog

Where is the panic?   Where is the fear?  The market has a case of the "oooze"...the deadliest type of trending action. A slow steady deterioration, with an occasional sharp short covering rally that erases the oversold condition on an intraday basis but does little to correct  the oversold sentiment readings.  These bear market technicals are not coming as a surprise to most.  What is a surprise though, is the lack of panic and concern that has not yet hit the market.  Maybe that is because nobody has gotten their first quarter statements for 2008......