Whoa, lots of neat things today! I mean, yesterday's plunge and bounce up was the day after that leap & big fall back --ok so stocks are further down under their 50-day moving averages in higher volume (distribution count 3 for S&P, 1 for NASDAQ), but stock futures today are STELLAR AT +0.91% and climbing. Metals futures may be soft (-0.12%) but they're hanging on to the new base; gold&silver now at $1,246.05 and $17.10. Yesterday's plunge was blamed on Retail Sales. IMHO the plunge was caused by falling prices but I digress, there's a big list of market trend excuses today too--
Initial Claims
Continuing Claims
PPI
Core PPI
Empire Manufacturing
Philadelphia Fed
Natural Gas Inventories
--and the headlines are goofy enough that we get a good laugh w/o even bothering to click the links:
The GOP's Rush to Court Wall Street - Harold Meyerson, Washington Post
Book: A Startling Defense of Economic Freedom - Harry Binswanger, RCM
Frustration the Real Reason For the Market Selloff - Kenny Polcari, CNBC
Five Things Investors Should Know For 2015 - John Waggoner, USA Today
5 Charts For Fully Invested Bears - Lance Roberts, StreetTalk Live
Market Madness Started With End Of QE - Jeff Cox, NetNet
