Transports down 28% and back to where they were May of 2013. Russell 2000 22% and May 2013. NYSE 17% and April 2013. Mid caps 17% and August 2013. Emerging markets (EEM) 45-50-% and back to where it was in May of 09. Not a typo. S&P 12% and February 2014. Dow 13% and November 2013….
Stock Market Commentary: Stocks fell hard on Friday as oil prices plunged nearly 5%. Stocks tried to bounce on Thursday but the fact that they can’t bounce from deeply oversold levels shows you how weak the market is right now. Stocks will be closed on Monday for the holiday but markets overseas will be open….
Stock Market Overview: U.S. stock futures are down big on Friday giving back most Thursday’s strong upside reversal. Once again oil prices are tumbling and global markets are selling off. We have mentioned countless times that the market was deeply oversold and way over due to bounce. The inability to bounce speaks volumes to how…
Stock Market Commentary: The long over due bounce finally occurred on Thursday after the S&P 500 came in within a few points of “re-testing” August and September 2015’s low. All week, we have been telling you the market was very oversold and way overdue to bounce. That is exactly what happened on Thursday. The key now…
SOURCE: http://www.wsj.com/articles/ge-escapes-connectitax-1452730001
January 14,2016 First and most important, do not miss the Fox Business Network Presidential debates tonight…on the Fox Business Network. We came into this week thinking we were close to another decent low in this bearish market. We were not so sure after yesterday’s nausea as well as the early action today. With all the wild…
Stock Market Overview: U.S. stock futures were lower but turned higher before Thursday’s open as investors try to recover from Wednesday’s strong sell off. Keep in mind, the market is very oversold and way overdue to bounce at some point. The fact that it refuses to bounce illustrates how weak the market is right now. Gary has expressed…
Stock Market Commentary: Stocks plunged on Wednesday as a new round of selling hit Wall Street. This time they went after almost all areas of the market including the big glamour names such as Amazon ($AMZN) and Netflix ($NFLX) that had been holding up rather well in late 2015. The fact that Wall Street can not…
Stock Market Overview: U.S. stock futures are up on Wednesday as the market tries to bounce from deeply oversold levels. Keep in mind, the market is very oversold and way overdue to bounce at some point. Gary has expressed caution and has been telling you about how the market has been getting weaker not stronger over much of 2015…
You can correct us if we are wrong but we decided to do something crazy and watch back the State of the Union address just to make sure we heard what we heard. We do keep in mind that we are all fair weather fans when it comes to our favorite sports teams or our favorite sports…
