An index curve sits on display on an electronic screen inside a stock exchange. (Photographer: Alex Kraus/Bloomberg)
I ended last week’s column with this warning shot: “Hence, when the market is positioned to move in any one of the directions and all of those have equal odds, we should not go at our jobs as we do every week. Some observations are needed, some additional checking has to be done, some additional confirmation sought, etc., etc. are to be done.”Those that paid attention to this would not have rushed in to buy as soon as the market boun...