Wed March 22, 2017A brief explanation for those of you who may not be so technically oriented: When markets experience a bout of intense selling -- those trading sessions when 90 percent of the volume is down, and nine out of 10 stocks close lower -- it can mark a short-term reversal in a bull run. Typically, it signifies a shift in psychology among larger institutions. This is based on the work of Paul Desmond of Lowry's Reports Inc. Often, markets follow a 90/90 down day with a rally that lasts two to seven days. The big sell off creates an oversold condition that is relieved by a short move to the upside. (See chart showing oversold conditions).Barry Ritholtz at BloombergAnalysts have been looking for a correction but the Russell 2000 is down again today. It fits with the top we were expecting in this time window.
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The Great Depression
Benjamin Roth: The Great Depression: A Diary
It's all here, times change people don't -the endless govt programs that fail to stimulate the private sector -the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out -Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then highly recommended
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Reminiscences of a Stock Operator
Bought And Paid For
Robert Scheer: The Great American Stickup: How Reagan Republicans and Clinton Democrats Enriched Wall Street While Mugging Main Street
The former Editor of Ramparts takes on both parties and how they sold out to Wall Street that is even now partying and bonusing on their former mistakes.Charles Gasparino: Bought and Paid For: The Unholy Alliance Between Barack Obama and Wall Street
How Wall Street Backed the Administration and Got What It Paid For
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March 22, 2017
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