U.S. Stocks Sink With Global Equities as Oil Rout Worsens

U.S. Stocks Sink With Global Equities as Oil Rout Worsens



The expected December rally probably won't come this year.  We are already in a 4% hole for December, and if a rally does occur this month, we will just get back to even.  The Dow lost 3.8% for the week, the S&P 500 lost 3.5%, and the S&P 100 (OEF) lost about the same.  Large cap stocks are no longer a safe haven.



We don't know yet how far the market will fall.  It could be another 9% decline like we had in October.  TMF and other treasury stocks are among the few current winners.  When the stock market finally finds the December bottom, I will probably be buying UDOW for the ride back up.  The economy is actually in good shape, and that is why I think the market will eventually recover.