We continue to see extremely wild swings on Wall Street. On Monday, at one point the Dow Jones Industrial Average was up 352 points,
and then later it was down 566 points. At the closing bell the Dow had officially lost 245 points, and all of this extreme volatility is making investors
very nervous. Investors like markets that are predictable, because it is a whole lot easier to make money when things move in a predictable fashion. When things get crazy, a lot of investors pull their money out and wait until things settle down in the marketplace, and that definitely makes a lot of sense. Right now, there is a lot of uncertainty about where things are ultimately headed. Some experts believe that the bull market will resume after this "correction" is over, but others believe that a bear market has now begun. And as you will see below, the fact that
the S&P 500 has now broken a major trendline that has not been broken since 2009 is strengthening the case of the latter group.Many had anticipated that we may see a bounce on Monday, but instead we witnessed another very large decline. According to
Zero Hedge, all of the major stock indexes are now officially in correction territory...
Comment: Cromwell seems to be speaking out of both sides of his mouth.