Market Commentary: DOW Down 273, SP500 Off 30, NASDAQ Off 70

Market Commentary: DOW Down 273, SP500 Off 30, NASDAQ Off 70



Here is an outstanding article about the triple digit loss of the Dow on October 7, 2014.  We may have further downside.  Even though the U.S. economy is doing okay, Europe is not doing well, and the rest of the world has the ability to affect the stock market.  Accumulating cash is a very good idea until the market turns around.  Then, the 3X mid-cap ETF, MIDU, might have a good November-December run.  The only question will be knowing where the bottom is for MIDU and the market.  If $NYMO hits -80 or greater, we should at least get an oversold bounce.