Friday, August 7, 2015

MARKETS TAKE ANOTHER DIVE........

MARKETS TAKE ANOTHER DIVE

S&P 500 Tumbles Into Red For 2015, Breaks Below Key Technical Support

The S&P 500, having broken below its 200-day moving average again, has joined The Dow Transports, Dow Industrials, and Russell 2000 (small caps) in negative territory year-to-date...

Dow Down 1000 Points From Highs, Small Caps Swing Red Year-To-Date

But but but... the smart men on TV said a) rate-hikes are priced-in, 2) rate-hikes are bullisher for stocks than rate-cuts (why would The Fed raise rates if everything was not awesome?), and thirdly) buy the dip! It appears The Fed knows it is going to need some ammo sooner rather than later... But it's not just the mega-caps, The Russell 2000 (small caps) has tumbled back into the red year-to-date...


DOW DOWN -135 AS I SEND THIS.....

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