Market selloff will stop when the 'smart money' quits selling | Michael Santoli - Yahoo Finance
Here is a great article explaining the reasons for the recent stock market sell-off. Big institutions are basically taking profits. You have also probably noticed multiple tops in the major stock market indexes. We don't have enough buyers to push the market higher. That may change after stocks fall 8 to 10 %.
The good news in this article is that the economy is actually okay. So, we are probably experiencing a large pullback rather than a beginning bear market. The challenge will be knowing where the bottom of the sell-off is. When $NYMO, the McClellan Oscillator, gets to -80, that might be the bottom. It is currently -48.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment