Gone in less than 2 weeks!!!!
The FALL has begun...
The past 2 weeks have not looked good for the US stock markets. TODAY may have been the trigger point. Today the DOW and S&P give back ever bit of profit they had produced this year and turned negative for their year to date numbers.
Dow Jones closed below 25,000 today. 25,000 was a threshold that could spell trouble for the coming days. With the 52 week low being at 23,250 we could be witnessing the correction everyone new was coming but didn't want it to come.
NASDAQ was the big loser today closing at over 4.4 % down and getting closer to the 52 week low and far away from the 52 week high.
S&P 500 is 124 points away fron falling below the 52 week low. S&P could also be the trigger to this loaded gun.
Think about this for a second. I know everyone looks at the percentages, and when you do that, it doesn't look as bad. Now here is what you have to keep in mind, 10 months worth of positve gains has turned negative is less than 10 trading days. That's an eye opener for anyone.
What will tomorrow bring? Thats a good question, one thing's for sure, precious metals are still undervalued and can only go up from here.
Becareful
I am not a financial advisor, please do your own research before investing!
Hold on, this ride could get bumpy!!!
Thanks for stopping by!!!!
