This was a historic quarter by any normal measure on Wall Street. The major indices had the worst start ever to a year, then stocks reversed on Feb 11th and the Dow had the largest positive reversal since 1933!
Here is a Year-To-Date Look At The Dow Jones Industrial Average:
Gold is one of the strongest performing assets this quarter:
http://garykaltbaum.com/wp-content/uploads/2016/03/11-DJIA.jpg7141072Gary Kaltbaumhttp://garykaltbaum.com/wp-content/uploads/2015/12/gary-k-logo7-390px.pngGary Kaltbaum2016-03-31 13:15:302016-03-31 13:16:52Chart Of The Day: Historic Quarter On Wall Street
Even though the DOW was up 70 yesterday, Advance/declines were horrid. New yearly lows picked up markedly with another 1,000+ names just above new yearly lows. TRANSPORTS, SMALL CAPS, MID CAPS, RETAIL, REGIONAL BANKS, THE BIG BANKS and a slew of OTHER AREAS finished at either closing lows or new yearly lows. We cannot begin […]
Less wild day yesterday but DOW still dropped 300 points from the highs. Overnight, futures were strong…then flat and then Draghi from the ECB said something about weaker Europe and balance of risks are now to the downside= MORE EASY MONEY and then something about China buying soybeans. Not kidding. DOW 24,000-24,200 S&P 2,620-2,640 NASDAQ […]