The Week Ahead: Why Investors Must Understand Market Reversals |
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October 25, 2015 |
October 2015 Bond Updates
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The new closing low in the NYSE Composite on September 28th increased the bearishness of many analysts as investors were still trying to recover from the plunge in late August. Headlines like "Key Global Equity Index Has Fallen Off The Precipice" the following day likely caused more panic selling as the NYSE dropped below the prior day's low.
The stock market bounced on the last trading day of September and then continued higher on October 1st before the sellers took over early on Friday October 2nd. The S&P futures were down 34 points as the weak jobs report triggered further selling. Many analysts were now looking for a drop well below the August 24th lows.
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View more at: http://www.forbes.com/sites/tomaspray/2015/10/24/the-week-ahead-why-investors-must-understand-market-reversals/
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