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Over 40% Of The S&P 500 Is In Correction Mode
The S&P 500 is down around 4% from its highs (outperforming the high-beta hangovers of Nasdaq and Russell 2000 that were down almost 10% from their highs at today's lows). But under the surface, the S&P is ugly with the 500 index members down 10.5% on average. 213 members of the S&P 500 are down over 10% (in correction mode). Only 72 member of the 500-stock index are 'beating' the index... this is not just a small-cap growth-hype selloff... it's spreading...
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Whoopss....LOL
Sooo... time to recalibrate the index?
Need to add ZZZZ Best to the index.
Everyone should take a look at a chart of the SPX from 1983 up to 2000. Even with the crash of 1987, you can see what the FED can do when they decide to print fo'eva.
could have fooled me.
Huh?
We only need a few big nationalized mega corps to control everything, so the outperformers here should go to the moon. All in, leveraged!
Think they might have already shot that bullet. Look at the SPX from 2009 - 2014.
whoomp... there it is? throw back tuesday?
And the Nasdaq $COMPX is ready to break down through the 200 Day MA. Personally, I think that's what was being defended today. You know that once the $COMPX breaks down below the 200 Day MA, everything else will follow in a Margin-Call induced selling frenzy!
Everything on my watch list over $200 is down at least 10% to 30%
We collapse or have a hell of a bounce
Once it breaks down? And if it doesn't ?
Shouldn't you understand you might be wrong?
Very difficult for the Stock Market to go down "significantly"; eg. crash; in late Spring. It's the wrong t ime of year. It's more likely it'll form a bottom that will be bought somewhere north of 1400. The one in October is the rally you want to sell short.
Look out below, this correction is going to be a big one once it sets in, in ernest. How long can the FED keep this phony market afloat?
http://jimrickards.blogspot.ca/
can't manipulate them all
Don't bet on that assumption.
Mr. Yellen laughs at your naivety.
Yaz, His beard isn't doing too well
Is that an omen?
You can if you mess with futures or the VIX.
Something similar happened in Japan back before the crash in 89. Some silly sock manufacturer was selling at almost a thousand PE/ratio. Why? It was part of the index, and got dragged along.
3:30 toorrow afternoon....turn that chart over and color it green.
Dimon to Yellen: “We need more power!”
Lets put this correction in perspective.
http://www.zerohedge.com/news/2014-04-11/putting-correction-perspective
This is definately bullish
Janet just can't run those printing presses the way that Ben could.
Oh how I mis my little Bennie.
here is the follow up ro the earlier article
http://nypost.com/2014/04/15/cops-forced-me-to-live-in-the-manhattan-bri...
Michael Ruppert dead
9/11 conspiracy theorist and investigative journalist 'commits suicide'Todays bounce off the 200d day MA just drove him nuts. Almost get me too.
May he RIP. I have his book. He is a patriot and a great man.
Shhhh!!!
The retail crowd might hear you!
3:30 ramp to keep them buying and believing.
bullish
How does the talking heads on CNBC continue not to see/report what zerohedge so easily points out each day. It is pathetic and clear that the CNBC peeps do not think for themselves. Many here know this already but it is amazing to turn CNBC on and see them cheerlead this thing.
The networks and advisers know where we are in this bear; they are selling and shorting a top that lasts all summer and keeps going. But wait, It is just the second act and the promoters are just starting to play their parts. Next, this summer comes the creation of hope; Act 3 = selling hope - "a recovery by Halloween". NO? We see soon and will be told buy now some aces for when a new bull starts by fall for 2015. The final scene comes when it is realized the play this year will eally be two to five years long. Panic and onfusion reign. Watch and be amazed. Thus the end of a cycle that took years to form, and will need years to run its course. If the currency crashes (watch the fed they have several chances to screw up), and it could, we will live three lives concurrently. Talk about busy. LONG play, bitter ending.
Just got an e-mail from my broker. They said April is the best month to buy stocks.
Nice chart. Over time this chart-series should show how things are evolving. Would be great to flip-chart to see how it all changes.
I feel we been lulled into complacency by the extraordinary actions taken by central banks and governments over the last six years. Have these actions really worked or merely masked over major flaws and problems? By not demanding the right kind of growth and by throwing money at problems we have only delayed and added to festering issues that face us in the future.
In what most of us view as a fast moving world many people have come to think if a financial crisis doesn't occur today or in the next few weeks it is simply not going to happen at all. More about how many investors have become far to complacent in the article below.
http://brucewilds.blogspot.com/2014/01/have-we-been-lulled-into-complacency.html
Fear abounds = BTFD bitchez!!
http://money.cnn.com/data/fear-and-greed/
Market is reaching a long term top. Whether this is it right now, or whether there is one more parabolic rally before it crashes is the question. I am looking to gold to provide an inverse correlation when this occurs. Here's where we stand with gold currently.
http://alchemyfinancial.vze.com/