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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…
The Morning Look
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…
Why Bogle’s 50/50 Portfolio Flunks @FoxBusiness
http://www.foxbusiness.com/markets/2015/10/21/why-bogles-5050-portfolio-flunks.html
Wal-Mart to Hike Pay for 1.2 Million Workers in 2016 @FoxBusiness
http://www.foxbusiness.com/markets/2016/01/20/wal-mart-to-hike-pay-for-1-2-million-workers-in-2016.html
U.S. Oil Posts Biggest One-Day Percentage Loss Since September @FoxBusiness
http://www.foxbusiness.com/markets/2016/01/20/u-s-oil-posts-biggest-one-day-percentage-loss-since-september.html
Gold Benefits from Global Equities’ Retreat, Lower Dollar @FoxBusiness
http://www.foxbusiness.com/markets/2016/01/20/gold-benefits-from-global-equities-retreat-lower-dollar.html
Required Reading Of The Day
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
The Closing Look
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…
WASHOUTS PART 2
WASHOUTS PART 2 By Gary Kaltbaum We know…we are writing again to you! We do not like micro-managing markets. Our interest lies more with the big picture. But earlier today, on purpose, we wrote to you about the potential for washouts. We explained what it is and what it means. It is early. Markets are…