The Closing Look

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 bounce from deeply oversold levels clearly illustrates how weak the market is right now.

Gary’s Thoughts:  WOW! The bounce lasted a little over 1 day, was anemic and then slammed.