TWO DOWN DAYS IN A ROW...
The Dow Jones Industrial Average shocked investors today as it suffered a second consecutive day of losses - the first time since before the election...
Submitted by Lance Roberts via RealInvestmentAdvice.com,
I have written over the last couple of months the market was likely to rally into the end of the year as portfolio managers, hedge, and pension funds chased performance and “window dressed” portfolios for year-end reporting purposes. As I noted in this past weekend’s missive:
Measuring investor sentiment is the closest thing to a “free lunch” in the investing world. Knowing that the investing public cannot buy or sell forever means that, at some point, they’ll stop and prices will react accordingly. Measuring investor sentiment aims to identify these points in time. Fortunately, there are a variety of different ways to gauge sentiment and to identify extremes in investor behavior. These extremes typically indicate turning points in a market or at least peaks in momentum.
European, Asian stocks and S&P futures all declined amid collapsing volumes, after the Wednesday drop in the S&P500, and after oil prices held losses amid an unexpected increase in supplies, as traders close out trades ahead of the holidays. Top overnight news include the imminent nationalization of Monte Paschi, the ongoing manhunt for the German Christmas market terrorist, Uber halting its self-driving car test in San Francisco, and the anti-China, anti-regulation moves in the Trump administration.
7th day in a row of hope for Dow 20k...
It's a real cliffhanger...
Before we start - 2 WTF Charts of the day...
This is the stock is best in The Dow this year...