Consumer Confidence Retreats in October @FoxBusiness
http://www.foxbusiness.com/economy-policy/2015/10/27/consumer-confidence-rosefell-in-october/?intcmp=bigtopmarketfeaturesside
GM Recalls 1.3M Older Cars for Fire Hazard @FoxBusiness
http://www.foxbusiness.com/industries/2015/10/27/gm-recalls-13m-older-cars-for-fire-hazard/?intcmp=marketfeatures
U.S. Shale Profits Beating Big Oil Rivals @FoxBusiness
http://www.foxbusiness.com/industries/2015/10/27/us-shale-oil-firms-dominate-platts-rankings/?intcmp=bigtopmarketfeatures
Draghi’s compromise with doves heralds ECB policy easing in December
http://www.reuters.com/article/2015/10/27/us-ecb-policy-idUSKCN0SL29R20151027
IBM says SEC investigating company’s accounts $IBM @FoxBusiness
http://www.reuters.com/article/2015/10/27/us-ibm-probe-sec-idUSKCN0SL2L020151027
Cat-and-mouse game in South China Sea
http://www.reuters.com/article/2015/10/27/us-southchinasea-usa-idUSKCN0SK2AC20151027
Required Reading Of The Day
White House, Congress reach tentative budget deal Walgreens Wants to Buy Rite Aid Exclusive: VW shelves overhaul of U.S. business until scandal abates – sources Alibaba gets more bang for its buck as revenue growth tops forecasts FBI launches probe of violent student arrest
Hey Charlie Rose…90% tax rates are radical! You go pay Bernie 90% of your earnings!
SOURCE: http://newsbusters.org/blogs/nb/scott-whitlock/2015/10/27/charlie-rose-socialist-bernie-sanders-your-ideas-are-not-radical
Narrower already?
A few thoughts: Before the market topped out, the average stock was heading south before the indices. It is early but already “feeling” a little of that right now. Seeing and feeling the “nifty-fifty market we experienced before the top. Google and Amazon both had strong gaps that were sold into on Friday but bought…