Buying Panic By Rev Shark About this article: The market is apparently celebrating the fact that it was able to digest a very sizable offering from Bank of America without too much trouble. Breadth is almost 5-to-1 positive, and we're seeing some wildly euphoric action in momentum groups like shipping and solar energy that I mentioned in my prior post. Oil, gold, commodities and agriculture are running hot and heavy, and some of the small stocks on my screens are really going crazy. It is feeling like buying panic as the bears simply have been unable to build on the breakdown of last Wednesday. I mentioned yesterday the pockets of momentum were a positive even though the technical picture of the major indices was a bit problematic. Obviously we have performance anxiety, a short squeeze and momentum all favoring the upside at this point. So far I've been mostly a selling this... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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