Yesterday’s (October 8) selloff was broad-based and ugly, with just about every industry sector getting hit hard (utilities were an exception). The NASDAQ Composite ($COMP) and small-cap Russell 2000 Index ($RUT), the leading market averages in recent months, were hit the hardest with losses of -2.0% and -1.7% respectively. The NASDAQ is now the only […]

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After last Wednesday’s (September 18) surprise Fed announcement on economic policy (no tapering), all the main stock market immediately indexes sprinted to fresh multi-year or all-time highs. However, that afternoon’s bullish knee-jerk reaction faded quickly, causing both the S&P 500 and Dow Jones Industrial Average to wipe out all their Fed-day gains (and then some) just […]

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