Thursday March 23 2017
Assorted Headlines from the WSJ today
The news is there for all to see, the job of the socionomist is to point out the big picture of what is really happening.
Ford Says Higher Rates, Lower Resale Values to Hurt Results
Ford Motor Co. raised a caution flag for the auto industry, saying higher interest rates and a steady decline in used-car values will hurt the most important factor in the recent U.S. sales boom: affordability.
GOP Lawmakers Say No Deal Yet on Health-Care Bill
Schumer Urges Filibuster to Block Gorsuch Confirmation
0% Financing Deals Bite Back Retailers as Fed Raises Rates
Can This Man Save Macy’s?
Nunes Apologizes for Remarks on Trump Team Intercepts
Health Vote’s Outcome Carries High Stakes for Trump’s Term
Two Hour DJIA
Okay Okay, I have taken a lot of ribbing for calling the high way way too early but...
I suspect the 300 + point up day after the Trump speech was the top of the rally from March 9, 209. In
a few days the market took all 300 points back and then feebly bounced. Then the market collapsed over 200 points in one day.
What you see is the stair step progression down, the hall mark of a bear market. One can read the WSJ on the market in today's edition
Oh, tech stocks rallied .8%. Yes so the smart money could short from a higher price!
We await the health care vote. But whatever, the mood is turning negative.
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