Retracement, correction or panicky plunge: First thoughts on today’s falling markets

April 15, 2013 | Daily JAM, Morning Briefing, Short Term | 3 comments

Today we’ve got either a standard retracement of the April rally, a sell off in growth-related stocks on a disappointing report on first quarter GDP out of China, or a panicky plunge in oil, industrial materials, silver and gold. It’s certainly a down market today but the nature of the “down-ness” depends on how your portfolio is positioned.