Win Ugly, Markets uglyThis is starting to look like 2000 all over again. 8 weeks of Market sluggishness.
And especially, the 2:00 pm drop. Every day for weeks, stock seem to be dropping out around 2:00 pm. Even positive news doesn't seem to move the markets.
If the Dow drops below 10,400 tomorrow and the Nasdaq continues its slide, it may be time to sell into a cash position and wait out the storm. This one could ride right until the election is over in the states. There seems to be a lot of uncertainty in the markets of late, and a lot of it seems to have to do with the poor job numbers, and the US deficit.
10,400, that's the magic number.
I was slightly heartened to see the markets rising for a change at the end of the day.