Good moring campers after yesterday's "upside reversal in rising volume"-- wow, soo many big words that don't make sense. English translation: stocks flat. Right now futures traders see things mixed/flat w/ stocks but CRASHING w/ everything else:
Only report todays is JOLTS - Job Openings (maybe someone here can explain what that is...). News:
China, oil still hanging over Wall Street Overnight news will likely again be key for stock market action Tuesday, as Wall Street will be watching China for any further weakening in the yuan.
Oil prices plunge, and the bottom is not yet in sight! Economic Times - 4 hours ago By Jad Mouawad The continuing collapse in commodity prices pushed oil futures still lower Monday, and analysts predicted that the slide was far from over.Yes, the Stock Market Will Crash, but Only After This Brief Rally The S&P 500 stock market index (^GSPC) is headed for its worst slide in years, but it will only come after a brief rally. Here's why. TheStreet.com
We're Entering "Irrational Pessimism" Period - David Rosenberg, Nat'l Post
RBS Advising Clients 'Sell Everything' - Ambrose Evans-Pritchard, Telegraph
Investor's Need Be Wary of Irritable Anecdotes - Cliff Asness, AQR Capital
The Great Benefit Of a Falling Stock Market - John Kimelman, Barron's