For all the blame were heaping on China, could its recent economic woes be more about the global economy than their miracle run of ghost cities and high-speed rail networks coming to an inevitable conclusion?
It was another tough session, but a walk in the park compared with the previous week. Investors are entering September musing about those lazy, hazy days of summer that never materialized last month.
Markets around the world traded higher last night as investors celebrated the thrilling rally into the close of the US markets.
It keeps coming down to the last thirty minutes of trading where something keeps going horribly wrong.
I watched the Asian markets open Monday and, initially, it was down they go. Japan then China and without intervention beyond some capital infusions to money markets, but nothing to prop the market. And, then they began to turn.
Raising cash is a good strategy during emotional sell offs. This should be a climatic day, but that doesn't mean a snap back or V shaped reversal per se, but it does mean huge opportunity and amazingly cheap stocks.
Talk about a wild roller coaster ride. On Wednesday, the Dow plunged 230 points, and then rallied back into the plus column before it fell again, to close down 100 points for the session.
Tech stocks took it on the chin yesterday, mostly because of rumblings out of China that saw their market sell off more than 6% Monday night. However, there are also rumblings in America, and its about a different kind of supply and demand.
The statement from the National Housing Association of Home Builders (NAHB) underscored why the market took the news, (which was actually in line with the consensus) so positively
Within the last few months, the Death Cross had been touted all over the Internet; it finally happened on Tuesday, when the 50-day moving average crossed below the 200-day moving average.
Stocks settled off the lows of the session, but there isnt any confidence out there. Thus far, the year has seen the market move sideways, but the carnage beneath the surface has been masked by big names.
What are the causes of Poverty and more importantly, what are the cures?
This weeks jobs report is shaping up to be more important than usual. Last Friday saw economic growth come in slower than anticipated as wages are increasing at its slowest pace ever on record.
The beginning of a new month, we always look back first at trends that set the tone and whether those trends will be persistent.
The market was higher. Yet it felt like a very ugly session, even frightening. Aside from the stock market still grinding it out, as (formerly) hot stocks have turned decidedly cold, I read yesterday about plans for a remake of the 1922 classic Nosferatu: A Symphony of Horror.
I dont hear much about behavioral analysis of the stock market much these days, but I have to say that it should be factored in decisions for near-term traders, and even parts of modeling for buy-and-hold investors.
The stealth Bear Market rages on with more fanfare and with even greater concern.
Move over, Communist China, Hillary Clinton wants to bring your central planning policies to our economy and stock market. Punishing investors for making money is not the only brilliant gem on her laundry list.
The Dow Jones Industrial Average is now down for the year, just as economic confidence has shifted into freefall. There is no doubt there is a fork in the road adjacent to the economic recovery and stock market. People simply are not feeling good about things and at the same time, the stock market is grappling with maintaining its lofty levels.
The big indices keep reaching new all-time highs; yet beneath the surface, theres cause for concern.