Kaltbaum morning notes!
From last night: “Need not elongate this nonsense so tonight, a short report! After 2200 Dow points to the downside in 4 days and 3000 points from the highs, the Dow and the market finally found A low. We do not have to say too much about the outlier open nor the wild intraday swings…
Now You Know Why They Invented Tequila!
Need not elongate this nonsense so tonight, a short report! After 2200 Dow points to the downside in 4 days and 3000 points from the highs, the Dow and the market finally found A low. We do not have to say too much about the outlier open nor the wild intraday swings as we have…
Forced Selling Helped Spark Dow’s Plunge in Opening Minutes
http://www.wsj.com/articles/forced-selling-helped-spark-dows-plunge-in-opening-minutes-1440444248
Trading in Stocks, ETFs Was Halted More Than 1,200 Times Early Monday
http://www.wsj.com/articles/trading-in-stocks-etfs-paused-more-than-1-200-times-early-monday-1440438173
As Oil Continues Freefall, Will OPEC Blink?
http://www.foxbusiness.com/markets/2015/08/24/as-oil-continues-freefall-will-opec-blink/?intcmp=marketfeatures
Gold at Mult-Week Highs on U.S. Dollar @FoxBusiness
http://www.foxbusiness.com/markets/2015/08/24/gold-below-multi-week-highs-on-dollar-weakness/?intcmp=marketfeatures
Required Reading Of The Day
Stocks Plunge On Wall Street China Concerns Cause Broad Commodities Plunge Carly Fiorina: I’ve Been Expecting a Correction Is this a Healthy Correction or Something More Ominous?
Midday Notes!
Have you ever been so happy for the Dow to be down over 400 and Nasdaq down120 points? At the lows this morning, the Dow was down 16% from recent highs and the Nasdaq almost 18%. On top of that, in just days, the Dow had dropped about 2000 points. Those percentages fulfill our 15-20%…