Tom’s Blog On Markets & Investments

Re: my comments in the previous post about how nervous fund managers are about the Q4 and the strength of the recovery.  The price action in Goodyear Tire, down over 20% as I write, would be a good indicator of that.  Company forecasted a loss for the Q4 and stock just got killed.  After peaking at about $16.50 in early August the stock is now kissing $13.00.

For other signs of this fear, look at some of the retailers get hammered as well, mostly notably, Dillard’s and Macy’s.

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