May 13, 2011
Stocks began falling fast at mid-afternoon on Friday as the Euro fell and the dollar strengthened. Also, bonds rallied, signaling bond investors have “no fear of growth and inflation,” said Brian Battle, vice president of trading at the Chicago-based Performance Trust Capital Partners. That combined with the fact stocks have risen more than 6 percent so far this year and are fully valued, means stocks are at more risk for downside, Battle said. “We need more confirming evidence of a recovery and we’re not getting it,” he said.