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What does Friday’s mini flash crash signal for US stocks going forward?

Posted on 01 June 2013 with 2 comments from readers

US stocks took a steep and sudden plunge in the last hour of trading last week with the Dow Jones tumbling 208 points. Why’s that happening with US consumer confidence at a high for the year? Is this a real change in the investment climate? Has the market correction finally arrived on the last day of May? Still it has been a record breaking run. Monday will be interesting.

S&P Capital IQ’s Sam Stovall and KeeneOnTheMarket.com’s Andrew Keene wrap up the day’s top market stories on Bloomberg Television’s ‘Street Smart’…

Posted on 01 June 2013 Categories: Investment Gurus, US Stocks, Video Channel

2 Comments posted by readers:

Comment by Andy - 01 June 2013

If anyone has not noticed yet… When Gold makes gains it usually makes them out of Asia and the Europe while most losses are made out of New York. Someone in the US controls which way Gold moves. If the stimulus package ends not only does the stock rally end but so does the Gold Rally because as we have seen recently the big Gold losses usually are made out of the US and not abroad. Those that want Gold and Silver to climb better hope that the stimulus package does not end.

So far we have like 1-2 losses for 8-9 gain days. In general the markets have been up on a month to month basis.

Comment by :) - 01 June 2013

It is so cute, when stocks are so volatile but always on a crash course direction,
These market investors continue to come up with one hundred different reasons to believe that the bull ride is going to continue.

:P

Mob Mentaility for the win.

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