Sell on the good news is normal after a rally like this; don’t let it spook you–by itself it’s not enough to create a correction

We’re starting to see stocks drop after companies report good earnings.That’s not surprising. In fact it’s over due after a rally like this one. The Standard & Poor’s 500 index is up 13% since August 26.
Inevitably after stocks have climbed so far so fast, some investors decide to take profits. But it’s easy to over-interpret these kinds of stock-specific dips and turn them into some kind of trend.

Waiting for Ben

The next two weeks are shaping up as a critical test for the U.S. stock market. A number of key technical indicators have stalled in the last few days if they’re waiting for something. I think that something is probably the Federal Reserve’s meeting on November 2-3.