Looking for signs of stocks’ final washout as fear, panic spike By, Adam Shell, USA TODAY 10:17 p.m. EST January 20, 2016 First came the Dow’s 565-point whoosh to the downside Wednesday. Then came the rebound rally that trimmed the Dow’s losses for the day to 249 points and which Wall Street hopes was the final washout — or so-called investor “capitulation”…
SOURCE: http://www.wsj.com/articles/thousands-apply-to-u-s-to-forgive-their-student-loans-saying-schools-defrauded-them-1453285800
Early yesterday, we told you conditions were in place for a potential washout day. We can never predict one is going to occur but we certainly can know when one can possibly occur. These washouts come from massive pessimism showing up AFTER a huge drop. We had both! By the close, we got the washout as…
Stock Market Overview: Stock futures are down on flattish as we write this but have been all over the map throughout the night. This comes after Wednesday’s late day reversal to the upside. Overnight, China injected $16.7B to prop up markets. That was their largest injection in three years and the second one this month. Even…
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S&P 500 touches lowest level in nearly two years Militants storm Pakistan university, kill at least 20 Weak U.S. inflation, housing data lower March rate hike chances Researchers find possible ninth planet beyond Neptune Wal-Mart to hike pay for 1.2 million workers in 2016
Stock Market Commentary: At one point, the Dow fell 565 points on Wednesday before reversing around noon and rallying sharply into the close. Oil prices fell to $27/barrel, plunged over 6% and hit a fresh multi-decade low but also bounced and closed off their lows. Japan’s stock market officially entered bear market territory (decline >20% from…
