Look what is happening to the bond market
http://www.cnbc.com/id/100840444
The Federal Reserve is panicking already. Four members of the Federal Reserve have been going around the country trying to jawbone the markets. This will only result in small rallies like what happened yesterday. This cannot stop real losses of investors in all the mutual funds and all the ETFs and options. The margin calls are everywhere and yet nobody is talking about it. Every time there is a rally, the public is selling but it has not reached panic levels. Till that happens, the decline will continue.
Look at today's calender: ( Courtesy of Optionsxpress)
To create rallies based upon looking at the rear view mirror will result in a bigger crash later on.
All the gains this year in European markets and developing country markets have been wiped out. This should happen before a decent rally starts here.
DJI
Russell 2000
SPX
NASDAQ
http://www.cnbc.com/id/100840444
The Federal Reserve is panicking already. Four members of the Federal Reserve have been going around the country trying to jawbone the markets. This will only result in small rallies like what happened yesterday. This cannot stop real losses of investors in all the mutual funds and all the ETFs and options. The margin calls are everywhere and yet nobody is talking about it. Every time there is a rally, the public is selling but it has not reached panic levels. Till that happens, the decline will continue.
Look at today's calender: ( Courtesy of Optionsxpress)
| Date | Release | For | Actual | Briefing.com | Consensus | Prior |
| 06/25/13 8:30 AM | Durable Orders | May | 4.5% | 3.0% | 3.5% | |
| 06/25/13 8:30 AM | Durable Goods -ex transportation | May | -0.6% | -0.5% | 1.5% | |
| 06/25/13 9:00 AM | Case-Shiller 20-city Index | Apr | 10.5% | 10.5% | 10.9% | |
| 06/25/13 9:00 AM | FHFA Housing Price Index | Apr | NA | NA | 1.3% | |
| 06/25/13 10:00 AM | Consumer Confidence | Jun | 72.0 | 75.0 | 76.2 | |
| 06/25/13 10:00 AM | New Home Sales | May | 470K | 460K | 454K |
To create rallies based upon looking at the rear view mirror will result in a bigger crash later on.
All the gains this year in European markets and developing country markets have been wiped out. This should happen before a decent rally starts here.
DJI
SPX
NASDAQ
The markets can go up to yesterday's highs and may be slightly above to fill the gaps created yesterday.
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