Re: Stocks up/down short term
SPY-breaking down has broken the 50 day and 200 day moving average in the last week. Today is a very nasty day. Russell 2000 down 3% Nazdog down 1.50%. Question is -is this just seaonal weakness or more than that-will the economy slow from all the hits its taken over the last half year. Bond yeilds are not tanking either like they have in the past when the market has gone down which bouyed the market in past small corrections. Also in the last 2 weeks smart money has been buying defensive stocks.ie drugs and consumer stocks-all signs of a slowdown in the economy.
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