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Are Stocks About to Repeat Their Summer Horror Show?
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Are Stocks About to Repeat Their Summer Horror Show?

  #1 (permalink)
Quick Summary
Are Stocks About to Repeat Their Summer Horror Show?

Like a sequel to a summer horror movie, stocks are set for another selloff amid worries about a double-dip recession. "Iím starting to fear summer," one economist said.

More on CNBC...

Reply to share your thoughts on this current event.

  #2 (permalink)
Trading Apprentice
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Roarke's Avatar
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I'd expect there to be a bounce and capitulation before anything else. Just look at the indicators.

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  #3 (permalink)
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Talking Heads

When there is blood on the streets its about time to buy. Market breadth had a nice downward move today (Breadth of just over 300 stocks down more than 4%) but since we haven't seen the panic we're still going lower minus the bounces we'll have along the way.

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  #4 (permalink)
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Yes, in my calculations we are going down to the 120 level on the SPY possibly even lower; but we will get a huge and very powerful buying opportunity in the fall that could bring us back flat to slightly positive on the year...

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