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Of billions of dollars from Health Care Stocks to techs and industrials and then bolted from the market altogether when news came out that the fbi is probing some newly found Hillary Clinton emails. Then after further review, the money flowed right back, but only dau closing down just eight points. Nasdaq dipping 0. 50 . What the heck is going on here . I dont know what will happen with fbi director james comeys reviewing of new emails related to Hillary Clintons personal server. But i do know this. I do know that this market seems to want some certainty or it wouldnt have plunged so hard midday when the news came out. Beyond that im leaving the politics to the pundits. Heres what i do know. The overall performance of the average today obscured one of the most vicious rotations i have ever seen in my career. Health ....
Then after further review, the money flowed right back. The dow closing down just eight points. S p declining 0. 31 nasdaq dipping 0. 50 . What the heck is going on here . I dont know what will happen with fbi director james comeys reviewing of new emails related to Hillary Clintons personal server. But i do know this. I do know that this market seems to want some certainty, or it wouldnt have plunged so hard midday when the news came out. Beyond that im leaving the politics to the pundits. But heres what i do know. The overall performance of the average today obscured one of the most vicious rotations i have ever seen in my career. Health care stocks, which had been under pressure throughout the campaign season, bled from the eyeballs today thanks to a couple of monster shortfalls in the Health Care Cost containment and pharmaceutical arenas, particularly biotech. These ....
It werent for apple. What happened . Where did the boring days go to . I think they went the way september always seems to play out. Ninth month in the year statistically worst month of the 12. Always seems to play the role of the wakeup call. People come back from summer, particularly in an election year, survey the land skate and recognize there is more risk than they thought. Sure, averages are up more year to date. Nasdaq with a new high just last sense of gloom out there. One that was echoed today at cnbcs delivery alpha conference. A major investor where big money speaks his mind and that mind was definitively, and i can say this without question, negative. In some ways i cant disagree. Though i do not, on the record, do not share the depth of despair of so much of the speakers i heard today. Causes gyrations that are magnified by a month that so often ends the complacency of a summer rally. If only because the pain is back, the most people feel like the pain is just not worth th ....
Like today . S p sank 0. 89 . Nasdaq down 0. 80. Its obvious as the other wills that kept you from winning last year. Now, lets think about this together. In many ways 2013 was the most obvious of years. Obviously meant to be negative that is. Investors were obviously fearful of anything from washington. Including smaller changes in taxes set at the beginning of the year to stop us from falling off to fiscal cliff. That many thought would disable the economy. 2013 was a year we were defaulting on our own debt. We bumbled into something too stupid to believe, the sequester and our government shut down which obviously, obviously, obviously should have crippled the economy. There was a year it was a year when International Crises like the cypriot bank troubles, chinese slowdown, holy cow well, that should have reverberate negatively throughout our economy because obviously were all connected, arent we . This was the year where ....