Last week saw the major market indexes and top stocks move a lot lower, but the week also saw a positive reversal day on Friday, with the S&P 500 re-testing its May 6th, "flash crash" lows, while the VIX or volatility index and the put-call ratio screamed higher. Has the stock market priced in Europe's credit problems and will this turn out to be a "garden variety" correction? That remains to be seen, but suffice to say, traders would do well to be probing the market with small buys of leading stocks that are possibly poised to move a lot higher. Don't miss out on these bargain basement prices-- especially if you missed out on last year's big gains!
