does this explain why the USA can't even create 150K jobs/month?
Go ahead, blame the messenger again, whenever somebody on an investment board brings up the AWFUL state of this economy or these markets you accuse the messenger of being unemployed or some such nonsense.
Oh look, IBD says "sell it all" back to a bear we go....
Nasdaq Sell-Off Signals Death Of Rally
BY JONAH KERI INVESTOR'S BUSINESS DAILY
Another sell-off in higher volume pounded the final nail in the dying rally?s coffin Tuesday.
The Nasdaq gapped down at the open, then kept falling. Though it pulled off its intraday low, it still ended down 0.8%. The higher-volume decline marked the Nasdaq?s third distribution day in the last seven sessions.
As noted in the Market Pulse, that makes four to five distribution days for the index in the last four weeks. That equals the threshold for a market red flag, defined as three to five higher-volume sell-offs in the span of a few weeks. Add in the frequency and intensity of the three recent drops and it?s clear the market has gone into correction mode.
What will happen next? No one can say for sure. Some corrections last a few weeks. Others progress into full-blown bear markets, lasting several months, even years.
No matter how far the downturn goes, the market has spoken: It?s time to raise cash. As noted several times in the last few days, this is a time for caution. By now you should be well off margin, as a leveraged portfolio can get creamed in a bad market. If you own any stocks down 7% or more from their buy point, sell now.
Its been "time to raise cash" since 2001! |
