Dow plunges 358, S&P erases 2015 gains as traders fear oil, Fed

Dow plunges 358, S&P erases 2015 gains as traders fear oil, Fed



Here is a good article which explains why the stock market is down so much.  The market hates uncertainty, and we have plenty of that right now with China going down and with the Federal Reserve still keeping the future clouded on some things.  On the positive side, we are doing well with employment and housing.  If these two were tanking, we would probably be entering a bear market.



The NYSE McClellan Oscillator ($NYMO) is around -46, and this means we will probably have a rebound soon.  Another stock upturn indicator is that the ten-year bond interest is approaching 2%, and this usually means stocks are more attractive.  Whenever the rebound occurs, you probably ought to sell under-performing stocks while you have the chance because we will probably get another downturn soon enough.