Posted on 01/07/2016 1:04:47 PM PST by Hojczyk
DOW -393 NAD -147 SP-47
The market is currently in panic mode. Investors across the globe are wading in a sea of deep red, sparked by concerns about slumping global growth — otherwise known as China.
But Jeff Saut, chief investment strategist at Raymond James, appears to be suggesting that the selloff that has gripped markets over the past several days is equivalent to what he describes as a “selling stampede†that could last about a month before it’s exhausted.In other words, he (unlike George Soros) is holding off before calling this a crisis.
“For whatever reason, our stock market, at least at this point, looks like it is involved in a ‘selling stampede.’ Such stampedes tend to last 17-25 sessions with only one to three session pauses/rally attempts before they exhaust themselves, and we are only five sessions potentially into this one,†Saut wrote in research note dated Thursday.
(Excerpt) Read more at marketwatch.com ...
I think the market was over valued, but it’s back to levels last seen....months ago?
I love the hyperbole of the financial writers.
Twenty down days at 2% per day
This looks liken the 1987 crash
I have a surefire, never fail, guaranteed way to end the market drop.
I will sell my stock...
If Soros is saying it’s a crisis, he’s probably shorted all the markets and is now pulling the supports out from under them.
Falling knife comes to mind.
I think the 2008 crash was worse when the market lost ove half of its value.
How so?
The problem is that the DJIA is so high right now that +/- 400 points per day on the DJIA has little effect on the economy. Now, if this was +/- 400 points if DJIA at 10,000, then I start asking questions.
Every year right after the Christmas season, there are always tons of articles describing how ‘good’ or ‘bad’ it was to retailers. I can’t recall having seen a single one of those yet this year. I find that to be somewhat interesting. I probably just missed them, but normally you can’t hide from the relentlessness of the stories.
Herds are spooked. There are not enough small production shops on American soil to allow for many Americans to afford foreign products any more.
Dump the planning and building regulations against owner-builders. Drop the rural county zoning ordinances and laws against new, small manufacturing shops.
Correct me if I am wrong, but for all the sellers, there are obviously buyers. Who is buying? And what do they know that the sellers don’t?
You and me both!
That’s what I’ve been trying to figure out all damn day while watching my equity investment lose value all week long. I just sold today. Couldn’t stand any more of it.
I’m as close to “John Galt” on the US economy as I can possibly be. After 37 year in the computer industry, I find myself unemployed. I “AM” 100% debt free.
I grow as much food as possible.
I pulled out my seed stack just yesterday testing for seed viability via germination; last year’s okra and 2011 Paul Robeson tomatoes. (man, seed houses are asking $$$$ for Robesons..)
Closer to 1929, although I wasn’t around then.
Except this time, FDR isn't around to go on national TV and reassure the nation.
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