Jun

14

The Nikkei entered a bear market sliding 20% from its peak.

"Stock gains accelerated after the S&P 500 recovered from a brief dip below its average price in the past 50 days. A measure that's watched by some analysts to gauge the markets trend, the S&P 500 has closed above the threshold on all trading days so far this year except for April 18". Bianco said that market volatility will continue "until the taper tantrum stops".

A WSJ news report said that the Fed may "push back on market expectations of higher interest rates. The market fell earlier on a world bank report that growth will be 2.2 % this year, less than its Jan forecast of 2.4 %".

A round number was broken for the second time in the S&P 500 at 1600 intra day and rejected. That was a weight on scale also.

Okay. Those are the weight on the balance scale that tilted the market and caused its quantum jumps today, the pitches in the pinch of Christy Mathewson.

Let us all join Willie Sutton and turn oursevles into headquarters for being such fools to succomb to churning over such things.


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