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ibdman15 394 posts  |  Last Activity: 12 hours ago Member since: Mar 10, 1999
  • "Nasdaq, S&P 500 Extend Losses As Correction Gains Steam

    By KEN SHREVE, INVESTOR'S BUSINESS DAILY
    Posted 06:52 PM ET

    Major averages succumbed to more selling Monday as Wall Street braced for the start of first-quarter earnings season.

    The Nasdaq lost 1.2%, while the S&P 500 dropped 1.1%.

    The Nasdaq fell further below its 50-day moving average and now stands 6% off its recent high.

    The tech-laden index had been showing support at its 100-day moving average since June. The average had marked the Nasdaq's lows, but the composite has closed below that level for two straight sessions.

    Volume was mixed Monday — coming in close to Friday's levels — but that was cold comfort for investors waiting for the selling in growth stocks to abate. On that front, it was another ugly session.

    The IBD 50 gave up 2%. Since March 7, the index is down just over 11%, compared to a 5.9% drop for the Nasdaq and 1.8% decline for the S&P 500.

    The market has given plenty of head fakes in recent weeks. When it seemed like major averages were headed for a meaningful pullback due to a high distribution day count, the Nasdaq and S&P 500 showed resilience, never falling far off highs.

    This time around, though, the damage in leading growth stocks is more severe. Not only have several market leaders given up their 50-day moving averages, but some are threatening breaks below their 200-day lines.

    Such price action says that several growth names are ready to build new bases after lengthy run-ups. At this point, it's best to watch the process play out from the sidelines."

    It's OVER. the downtrend could continue for 9-18 months or more. and easily erase 50% on the small and mid caps and 40% on the large caps. Who wants to ride that down.....even though the SPX pays a dividend? E E E Not too good. gotta sell all your equity positions. Things getting far worse. Five year BULL is over on schedule.

    Sentiment: Strong Sell

  • Reply to

    Market in Correction Again

    by ibdman15 Apr 4, 2014 11:27 PM
    ibdman15 ibdman15 Apr 7, 2014 12:27 AM Flag

    Just a reminder to sell all equities as Market is in Correction as of Friday's action and Institutions are all bailing. Last one out will be holding the bag of coal. Individuals can exit very quickly. Institutions on the other hand can't. GLTA

    Sentiment: Strong Sell

  • IBD Big Picture Tonight -

    Stocks skidded into an ugly U-turn Friday, erasing much or all of recent gains and kicking the market back into a correction.

    The Nasdaq plunged 2.6%, while the S&P 500 dropped 1.3%. The IBD 50 staggered 3.6% lower.

    Volume rose sharply across the board.

    The Nasdaq needed just two sessions to wipe out all of its gains from a four-day win streak. The S&P 500 has held onto about half of its four-day pop.

    Overall, the bearish action was enough to send the market back into correction mode. The session left little doubt that institutions were selling aggressively.

    While biotech and other medical stocks recently appeared to be the target of selective selling, losses spread to other top-rated groups Friday. Among IBD's 197 industry groups, the top 40 groups were almost all losers. Only two of the top 40 groups rose for the day: Wholesale-Electronics and Building-Cement.

    If money was leaving the hot medicals, where was it going? At least for now, one destination appears to be cash or cash equivalents. Institutions don't always put money immediately back to work. Building new positions can take time.

    Few individual stocks were making headway Friday.

    Of the 495 stocks with a Composite Rating of 90 or better, nine of every 10 fell. About a third of the gainers were from the oil patch. The oils might be worth a position on a watch list, but this is no time to buy any stock.

    Sentiment: Strong Sell

  • Reply to

    1987 type similarities to 2014

    by ibdman15 Apr 2, 2014 9:18 PM
    ibdman15 ibdman15 Apr 2, 2014 9:43 PM Flag

    every time a new FED Chairman takes over, the market crashes. does this hold true for a Chairwomen? Janet Yellen looks like a deer in headlights every time she speaks, so careful on the words she uses. she is scared to death of what is happening. Now another terror attack at Ft Hood with more TERROR attacks imminent. wait until the jihadist car bombs start going off in DC and NY.

    Sentiment: Strong Sell

  • Reply to

    1987 type similarities to 2014

    by ibdman15 Apr 2, 2014 9:18 PM
    ibdman15 ibdman15 Apr 2, 2014 9:28 PM Flag

    Prime Rate was not 21% in 1987.........30 year mortgages were about 10% then. rates were high in 1982.

    Investors won’t have to wait long to know if the 1987 market is a pattern. The current bull run hit its 1,274th trading day on March 31, 2014. The 1,274th trading day of the 1982 bull market was Aug. 25, 1987, which turned out to be a notable top, Paulsen says.

    1987 had its own unique issues not present today. Prime rates were at 21% and the oil cartel had a grip on the economy, Paulsen says.

    That’s not to say a crash is inevitable. Paulsen says that a 10% correction would be more likely than a full blown crash. And stocks might even rise first. And the market is famous for not following any patterns at all.

    “Don’t worry much, however, about another major style 1987 collapse. History doesn’t usually fully repeat,” Paulsen wrote in his note to clients.

    Sentiment: Strong Sell

  • From Drudge tonight

    Investors marveling at the striking similarities of the bull market today to the one that ended in 1987 are hoping history doesn’t repeat itself.

    If it does, the market could be in some serious trouble in 37 trading days. In 37 trading days, the ongoing bull market would be 1,311 trading days old, says Jim Paulsen of Wells Capital Management. That is a scary date because it was on the 1,311 trading day after the start of the 1982 bull market that the Standard & Poor’s 500 suffered its biggest one-day crash in history on Oct. 19, 1987. That crash snuffed out what had been a powerful market rally starting in 1982.

    Normally these kinds of things are just market oddities. But investors are taking this one seriously since there are such strong similarities with the 1982 bull market and the one the market is currently in. For instance, the current bull run has marked a 175% rally from the low, which is where the 1982 bull was at this point in its run, Paulsen says.

    Sentiment: Strong Sell

  • it will be a real doosey. Dow could be down 500 or more into the close. and VIX up 25%

    Sentiment: Strong Sell

  • Reply to

    Mike Morrel is a loser

    by ibdman15 Apr 2, 2014 12:21 PM
    ibdman15 ibdman15 Apr 2, 2014 12:54 PM Flag

    by the end of day Mike will simply state, "I give up, it was Secretary Hillary Clinton and President Barrack Hussein Obama that changed the talking points and removed the reference to a terror attack and added the it was caused by a spontaneous attack by a hurtful video

    Sentiment: Hold

  • Per Bloomberg: As prices surged and earnings increased at a slower rate than analysts anticipated, smaller companies have become more expensive than they’ve been 86 percent of the time since 1995, according to data compiled by Bloomberg. The Russell 2000 is trading for 49 times reported earnings, compared with a multiple of 39 in March 2000. The S&P 500 has a price-earnings ratio of 17.2, close to its average since 1937, data compiled by Bloomberg and S&P show.

    The Russell 2000 slumped 43 percent between March 2000 and October 2002, about 6 percentage points less than the S&P 500.

    It's now trading at about 75 x forward earnings. It's going to crater. better sell IWM now.
    60% correction due on R2K and 40-50% on SPY. It will be swift. If that 8.0 Earthquake from Chili had hit LA, the market would be down 15% today.

    Sentiment: Strong Sell

  • Show respect for the Congresswoman Bachman. He is Guilty. Hang him. He's lying.

    Sentiment: Strong Sell

  • Downside reversal sometime today when "the event" occurs sometime before today's close catching even the biggest players off guard. The Institutions will panic sell when the event occurs. Get ready.

    and we all know what's going happen on the downside when SPX 1,750 is breached.

    Sentiment: Strong Sell

  • as is the NDQ. both MA's are rolling over and could be about to head down and that 50 dma could become a ceiling for many months no matter what Janet says or does. Folks have no idea how bad it is no idea. market in Correction raise cash now!

    Sentiment: Strong Sell

  • at some point in 2014. or maybe they are just keeping that info for their internal folks.

    Sentiment: Strong Sell

  • the stock market is off to the races again so she can continue to make the rich folks even richer and the poor folks much poorer and screw the Middle Class. let the friggin' stock market correct 25% so the middle class can possibly buy into the market because if it doesn't and they buy in now, they will have the rug pulled out. Someone inflict pain on that influential lady. She has too much power to move global equity and bond markets. F CNBC and the FED. Do a stress test on that Ponzi scheme. $ 4 T balance sheet and launch an investigation into the Bank of International settlements and her role over there too.

    Look for another downside reversal today. Every time a new FED person takes over the stock market corrects 16%- 21% over a few months. Just let it happen Janet. For God's sake let it happen.

    Market is in a Correction so maybe just a dead cat bounce once the dust settles from her carefully crafted remarks in Chicago this morning written by her PPT.

    Sentiment: Strong Sell

  • Harry says Dow 6,000. sell the rip in the AM because it will not last.

    Sentiment: Strong Sell

  • Reply to

    US Stock Market is done.....finally

    by ibdman15 Mar 28, 2014 9:36 PM
    ibdman15 ibdman15 Mar 28, 2014 9:51 PM Flag

    small caps down 3.75% this week. this was the worst weekly decline for the R2K in 22 months. and the worst for the NDQ comp in 11 months.

    Sentiment: Strong Sell

  • Big Picture from IBD tonight - Market in Correction go to 100% CASH
    "For the week, the IBD 50 staggered to a 5.8% loss. The Nasdaq and S&P 500 fell 2.8% and 0.5% respectively."
    this will be more the 2000-2003 decline and 2007-2009 crash. The IBD MF index also down huge this week. The best fund managers that exist. remember the Dow is just 30 stocks and was slightly positive on the week. Huge down day Monday and April Fools Day will be an Implosion.

    Sentiment: Strong Sell

  • Reply to

    Russell 2000 Trailing P/E is over an 80!

    by moohhas71 Mar 26, 2014 3:21 PM
    ibdman15 ibdman15 Mar 28, 2014 3:25 PM Flag

    1.5% off today's high but 0.2% off today's low as of this second. R2K dropping to 700 over next couple of months or $70 on IWM. $114 now. big plunge will occur.

    Sentiment: Strong Sell

  • small caps are coming unglued. Bear market has begun. don't wait for down 20% before selling. these indexes will lead broad market lower. 2000 small cap stocks with average forward PE over 75 X.

    Sentiment: Strong Sell

  • Reply to

    Markets up but well off the highs

    by ibdman15 Mar 28, 2014 1:03 PM
    ibdman15 ibdman15 Mar 28, 2014 2:33 PM Flag

    now really well, well, well off the highs!!!! and actually near the lows. looks like a another downside reversal is taking place. Bears open strong and close weak. go to cash!!!

    Sentiment: Strong Sell

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