Capitulation. S p plummeting 2. 5 . Nasdaq nose diving 3. 4 . Were seeing real capitulation now. Im saying for the First Time Since this decline began were beginning to see the necessary ingredients that make a bottom possible. Put simply were at a moment where some of the biggest boxes of my checklist, some growth in china maybe, a statement from the fed that it needs to think twice about rate hikes because of the newfound weakness in the economy or a stabilization in oil were to occur then we could have a real oversold rally on our hands of descent proportions. Were the most oversold we have been in ages and the indices about bulls and bears show a the most since november 2011. I admit theres very little to like about this market but after today you did some amazing you saw some amazing carnage today. And the Fastest Growing techs were slaughtered. Fang got taken out and it was just shot today. No it was machine gun. As i said the other night that box has to be checked before we can
Entirely, a sharply lower open was indicated. But when they finally open for trading, we saw declined half of what they are now that we have swung to the lows of the session. It has been a fascinating day. You will see the trajectory over the course of the day. That attempt at repairing the declines and falling once again to the lows of the session. That chinese regulators have suspended the Circuit Breakers, how far will they far how far will they fall . Low, three or four days into the new year and stocks are down about 5 . Julie it looks like the worst start to the year for the s p 500 since 1928. We are working on confirming that with standard poors. And it has been a global selloff. Not just limited to the u. S. It seems to be infecting nearly everything. The ftse is down, nikkei is down, the dax is down and emerging markets have been hit by this as well. Take a look at my bloomberg terminal. Slump thus far in 2016. I just want to zoom in and look at the year to date. Ofs represen
Possible. Put simply were at a moment where some of the biggest boxes of my checklist, some growth in china maybe, a statement from the fed that it needs to think twice about rate hikes because of the newfound weakness in the economy or a stabilization in oil were to occur then we could have a real oversold rally on our hands of descent proportions. Were the most oversold we have been in ages and the indices about bulls and bears show a remarkable increase in bears. The most since november 2011. I admit theres very little to like about this market but after today you did some amazing you saw some amazing carnage today. And the Fastest Growing techs were slaughtered. Fang got taken out and it was just shot today. As i said the other night that box has to be checked before we can bottom and after a couple of days like today i have to wonder, boom, it hahn been checked. After hours bashing of go pro. That stock had already been down so much. Who would think it would go down again but we c
Ssible. Put simply were at a moment where some of the biggest boxes of my checklist, some growth in china maybe, a statement from the fed that it needs to think twice about rate hikes because of the newfound weakness in the economy or a stabilization in oil were to occur then we could have a real oversold rally on our hands of descent proportions. Were the most oversold we have been in ages and the indices about bulls and bears show a remamaable increase in bears. The most since november 2011. I admit theres very little to like about this market but after day you did some amazing yosaw some amazing carnage today. And the Fastest Growing techs were slaughtered. Fang got taken out and it was just shot today. As i said the other night that box has to be checked before we can bottom and after a couple of wonder, boom, it hahn been checked. After hours bashing of go pro. That stock had already been down so much. Who would think it would go down lower from here but its almost impossible to n
In the market, but we have the inventory report coming up in a half hour. Julie it looks like another volatile day, but it is in a tight range. We are not seeing run away moves. Slightly higher for the averages. Investors are pausing to take stock here. We are getting into the earnings season. That is something they are assessing. It seems there is a little bit of reassurance on the china fund. There is still a lot of unknown. Investors are taking a pause. If you look at the s p year to date, with small gains today, we are still down 5 year to date. Investors are trying to assess where the value is in this market. If you look at the u. S. Stock market versus other asset classes, other markets around the globe, what is the most attractive . K, to at my bloomberg terminal, looking at the forward price to earnings ratio. It has come down, considerably lower, even, than where we saw it in the selloff in august and september, in fact, is that a lowest since october, 2014. That is something