There is no new money in the market and there is no strength for a general move in the stocks. The market only can choose a few stocks, especially those with options, for more or less active trading.
Profit-taking is natural after those rises. The market is taking a breather. We hope that it's a breather, at least the trend is still looking positive.
The day was marked by a lack of money due to the options redemption. It is not a good day to be in the market. There is a risk of buying at a bad price and of selling at a bad price.
The market tends to skim profits. Important people may be involved in the scandal and some skeletons may fall out of their closets, so before the dust settles the market should not rise much.
The market has to analyze at what costs and conditions we are getting the IMF money. The market is not optimistic; it lacks volumes and liquidity.
The market has lost all rationality and anything can happen now -- further fall or big rise.
It is the classic example of how people bought on rumors and sold on news.
There is still some risk of new twists in the scandal so no one wants to keep positions for the weekend.
The patient is not out of hospital yet, but he's not dying. This black cloud is dispersing a bit. A couple of heads should roll, but most likely not very important.
