Posted on 07/27/2015 7:15:53 AM PDT by Biggirl
U.S. stocks traded lower on Monday as the continued selloff in commodities and an overnight plunge in Shanghai stocks pressured sentiment amid a lackluster earnings season. The S&P 500 briefly dipped below its 200-day moving average of 2,064.14 and attempted to hold above it.
(Excerpt) Read more at cnbc.com ...
Car 54 where are you!
It “was a cold winter,” or some such pap.
Biggirl, the market has given so many head-fakes over the years I don’t get nervous anymore when the S&P dips below the 200 dma.
I’ve been shaken out of the market too many times thinking ‘this is it; this is the correction we’ve been looking for!’, only to see new highs again.
I know, I know. One of these days I’ll be sorry, eventually the crash WILL come.
Time to crank-up the government funny money machine again to maintain the image of prosperity and a sound economy.
Coal's headed toward bankruptcy (energy), China's been a rat on a wheel (having to keep its currency from rising against the USD by putting lots of trade surplus money into US gubmint debt) and now, though the dollar is strong and the price of oil is low, China has been tanking. But don't forget now -- China and other bigtime economies (like Russia's, snicker) are going to crater the USD by creating a new reserve currency, which will mean gold will scream up to a million an ounce, and the entire non-prepper population will fight to death over the last few cans of string beans. Thanks Biggirl.
U.S. stocks traded lower on Monday as the continued selloff in commodities and an overnight plunge in Shanghai stocks pressured sentiment amid a lackluster earnings season. The S&P 500 briefly dipped below its 200-day moving average of 2,064.14 and attempted to hold above it.
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