The Closing Look

Stock Market Commentary:
Stocks fell hard on Wednesday after oil slid to an 11-year low, gasoline futures plunged over 8% and the White House confirmed N. Korea most likely tested a Nuclear bomb. Economic data was mixed to mostly weaker than expected which echoes what Gar has been telling you for months – the market’s are forecasting a global recession.

Gary’s Thoughts: As I write this, China is again halted limit down.  Our futures feeling the effect…but that can change over night. I am afraid much of what I told you that I was worried about is coming to fruition. Meddling in markets is EVENTUALLY a bad thing. I have been using the words ULTIMATE OUTCOME…and not liking what that may be. You stop people from selling, it just creates more vicious selling. You rig markets. Eventually, markets stick the middle finger back at you. This may be a very big middle finger.