"The Stock Market is designed to transfer money from the "Active" to the "Patient"." - Warren Buffett
The week started with the S&P keeping its positive streak alive by posting a gain for the eighth straight session. That came to an end on Tuesday when the tone of investors changed somewhat, and the selling was attributed to trade fears, global growth and anxiety over earnings. All of that sounds logical, but the pullback was more than likely the function of the recent strong rally that produced a temporary overbought situation in the market.
The sellers