Sunday, April 13, 2014
Wow, the market has been destroyed, eh?
Apparently, technical damage has been done to the market, and thus we are at a cyclical top, according to some blogger.
Yay! Another excuse to look at charts!
Wow, Dow Industrials is down 5%! Looks like things were worse in August 2011, May 2012 and November 2012, though.
Nasdaq is worse, down 6%. Though it was still worse in August 2011, May 2012 and November 2012, though.
S&P 500 is down 4%. Again, it was worse in August 2011, May 2012 and November 2012.
Transports doesn't look that bad yet, though heck maybe things get worse there. I mean, if economic activity and trade is about to collapse or something.
Financials have looked worse in the past 3 years.
Seems like there's no fear out there.
The people I follow who aren't just bloggers all seem to be pretty relaxed about the US market, except of course for the clown brigade like Bob Janjuah, Marc Faber and the like.