Just wanted to reiterate something we said this morning in the report. On a short term basis: “Markets are now beyond oversold and stretched to the downside on a near-term basis. We suspect any day now to see some vicious rallying/bouncing but that will not change the big picture. Keep in mind, in bear markets, oversold can get…
“IT’S A FREAKING BEAR MARKET! PART 2! By Gary Kaltbaum-January 7,2015 garyk.com @GaryKaltbaum Fox News Business Contributor We disagree with the many who are saying this morning that this is just a correction in a bull market. We disagree with the many who said this all started this week. We disagree with the many that…
Stock Market Overview: U.S. stock futures are plunging once again ahead of Thursday’s open. Overnight, China’s stocks plunged another 7% and were closed after circuit breakers were triggered for the second time this week. This clearly is not a good sign to see a major stock market in the world plunge and close twice in one…
http://www.foxbusiness.com/economy-policy/2016/01/06/fomc-minutes/?intcmp=bigtopmarketfeatures
http://www.foxbusiness.com/markets/2016/01/06/oil-hits-fresh-11-year-low-as-odds-opec-cuts-slide/?intcmp=bigtopmarketfeatures
http://www.foxbusiness.com/economy-policy/2016/01/06/us-service-sector-grows-slower-than-expected-in-december/?intcmp=marketfeatures
http://www.foxbusiness.com/industries/2016/01/06/chipotle-served-with-federal-grand-jury-subpoena/?intcmp=bigtopmarketfeaturesside
http://www.reuters.com/article/us-usa-economy-factory-idUSKBN0UK1UM20160106
U.S. has determined North Koreans conducted some kind of nuclear test: White House Netflix to stream in almost all countries, skips China Crude oil slides by five percent as gasoline spike paints bleak outlook Chinese stocks: canary or elephant for world markets this year? ISIS threatens to destroy Saudi prisons
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…
