Brutal Start to 2016 Could Limit Rate Hikes @FoxBusiness
http://www.foxbusiness.com/markets/2016/01/21/brutal-start-to-2016-could-limit-rate-hikes.html
Manning Tops Brady As NFL’s Endorsement King @FoxBusiness
http://www.foxbusiness.com/features/2016/01/21/manning-tops-brady-as-nfl-s-endorsement-king.html
Harvard’s Ferguson: China’s Behind Plunging Oil @FoxBusiness
http://www.foxbusiness.com/markets/2016/01/21/harvards-ferguson-chinas-behind-plunging-oil.html
Oil spikes from 12-year low as equities rally, shorts cover
http://www.reuters.com/article/us-global-oil-idUSKCN0UZ01T
Required Reading Of The Day
IMF’s Lagarde says China should communicate better with financial markets Iraqi PM: Three Americans ‘just went missing’ Davos: Look beyond market mayhem Bomb attack kills six in Cairo Oregon governor blasts federal response to refuge standoff
The Closing Look
Stock Market Commentary: Stocks tried to rally but closed mixed on Thursday after China injected nearly $17B into the system to boost markets and The European Central Bank hinted at more money printing. Markets across the globe are deeply oversold and way overdue to bounce. Oil prices jumped as well and are now trading above…
DRY BULK SHIPPING…WORSE THAN DRY!
SOURCE: http://www.wsj.com/articles/dry-bulk-shipping-firms-face-unprecedented-crisis-1453293892
GaryK’s Quote on The Front Page Of @USATODAY
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”…
FREE EVERYTHING!
SOURCE: http://www.wsj.com/articles/thousands-apply-to-u-s-to-forgive-their-student-loans-saying-schools-defrauded-them-1453285800
A few early notes from Gary!
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…