Caroline Baum News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Brutal day for stocks. The dow and s p having their worst day in a month. Concerns there could be a fed bombshell tomorrow in the form of the minutes. Home depot sold off hard, and you have to wonder, is the market saying this is as good as it gets. We kick it off with dan, whos been bearish. Ive been skeptical. To me, ill just say this. Im not actually bearish. The market has been banging around 2050. For it seems like weeks. When you look at the s p 500 in particular, i think its just above an important year term Technical Support level. Thats about 2037. Thats the april low. I think you have room down to 2000. Thats no reason to run for the hills if you think about it. Its just a couple of whoa listen, im of the mindset, not too different from last may, weve been banging it around. It will take something somewhat external or miscue by the fed to break us out of the range one way or the other. The miscue could be the fed could be out of the picture here. Look over the last week or so

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