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stock market crash

Selloff on Wall Street gathers strength as Dow falls over 1500 points

WASHINGTON, February 5, 2018: At 3:05 p.m. ET Monday, Friday’s vicious stock selloff is continuing with a vengeance. Stocks are getting ruthlessly pounded across the board in bearish trading action not seen for well over a year. Monday afternoon, the Dow Jones Industrial average seems hell-bent on reaching the minus 1500 mark on the downside. ...

Thursday markets: Bears rampage, Yellen hedges, oil tanks

WASHINGTON, February 11, 2016 – It’s getting really hard to write this daily column that describes the background and the action in the (once) wonderful world of stocks and bonds. Bears have been running rampant on Wall Street since the first trading day of 2016 and the carnage has already become considerable. The death and ...

Wall Street’s idiotic equation: Oil down = all markets down

WASHINGTON, February 9, 2016 – In volatile Monday trading action, all U.S. markets crashed. That is, until the “Buy Program Express”—a phenomenon first noted years ago by ETF Digest’s Dave Fry—left the station at approximately 2:30 p.m., its usual departure time. Buying action accelerated near the market’s close. The result: Instead of closing down over ...

The Bear attacks! ‘Davos fiddles while markets burn’

WASHINGTON, January 20, 2016 – A year from now markets will rejoice—or at least breath a sigh of relief—as a new U.S. President is inaugurated. Hopefully, America’s new chief exec will know a little more about how markets and the economy work than the current occupant of 1600 Pennsylvania Avenue. And maybe a new non-Obama ...

Forget the rally. Stocks set to plunge as oil drops 6 percent

WASHINGTON, Jan 15, 2016 — After Thursday’s exhilarating and quite-surprising rally, stocks are set to resume their sickening January plunge Friday morning. Big time. West Texas Intermediate (WTI) futures are down nearly 6 percent as of 8:30 a.m. EST, and Brent crude—the international benchmark—is down over 4 percent. Add another bearish day from China, and ...

The dust settles on Wall Street’s latest Black Monday

WASHINGTON, Aug. 24, 2015 – At this morning’s opening bell, Wall Street went into instant crash mode, as the Dow Jones Industrials quickly shredded the record books by dropping over 1000 points in a New York second. In the back of your mind, you could just hear one of those old-time carney barkers spinning his ...

Wall Street Roadkill: Dow off over 530 as U.S. markets crash

WASHINGTON, Aug. 21, 2015 – After opening down and fading further after several feeble rally attempts, stocks were pancaked in the final hour of U.S. trading on Friday. The Dow Jones Industrials (DJI) closed down 64.84 points, the casualty of a massive selling panic that caught even many professionals off-guard with its intensity. Other averages ...

Thursday stocks: ‘Abandon all hope, ye who enter here…’

WASHINGTON, Aug. 20, 2015 – Sketches of our favorite stock market crash mascot, Wile E. Coyote, don’t even begin to describe this week’s market carnage. Traders’ attitudes this week might best be characterized instead by adapting amoral biker dude Marlon Brando’s famous wisecrack from “The Wild Ones”: “What do you hate about this market?” “Whaddayou got?” ...