7.2 C
New York
Wednesday, December 18, 2024
HomeMarkets
Markets

Investors Can’t Out Run The Bears

By jnyaradi
0
78
psw-placeholder
psw-placeholder

Courtesy of John Nyaradi.

I predict a stock market decline for today, as investors cannot out run the bears forever

Stocks, ETF, Daily Market Wrap, SPX, SPX Chart, NYSEARCA:DIA, NYSEARCA:SPY, NASDAQ:QQQ, NYSEARCA:IWM, NYSEARCA:USOThe Fortune Teller Speaks:

Stock markets will likely decline again today, as investor sentiment appears to be moving more and more into negative territory.

Wall Street Beats & Jives:

The bulls still seem excited and ready to charge, however they do not appear to have the momentum anymore, as witnessed by yesterday’s upward gusto followed by a negative close.  Even the Fed Chairman Dr. Bernanke couldn’t sway investors as much with his easing rhetoric yesterday.  Another famous billionaire may just roil markets too today (like Carl Icahn on Monday), as legendary trader and super bear Marc Faber stated yesterday that he sees “bears everywhere.”

Investors will likely be focusing on the plethora of economic reports released this morning, including a positive Retail Sales Report (+.4%), barely positive Core CPI Report (+.1%), and a barely  negative Consumer Price Index Report (-.1%).  Later on today we are also expecting a Business Inventories Report and an Existing Homesales Report.

Click here to learn more about John’s book and for a free membership to Wall Street Sector Selector

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Stay Connected

156,348FansLike
396,312FollowersFollow
2,330SubscribersSubscribe

Latest Articles

Load more

Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only intended at the moment of their issue as conditions quickly change. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

Contact us: support@philstockworld.com

© Copyright - PSW, LLC.

2024
0
Would love your thoughts, please comment.x
()
x