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Investors Can’t Out Run The Bears

By jnyaradi
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Courtesy of John Nyaradi.

I predict a stock market decline for today, as investors cannot out run the bears forever

Stocks, ETF, Daily Market Wrap, SPX, SPX Chart, NYSEARCA:DIA, NYSEARCA:SPY, NASDAQ:QQQ, NYSEARCA:IWM, NYSEARCA:USOThe Fortune Teller Speaks:

Stock markets will likely decline again today, as investor sentiment appears to be moving more and more into negative territory.

Wall Street Beats & Jives:

The bulls still seem excited and ready to charge, however they do not appear to have the momentum anymore, as witnessed by yesterday’s upward gusto followed by a negative close.  Even the Fed Chairman Dr. Bernanke couldn’t sway investors as much with his easing rhetoric yesterday.  Another famous billionaire may just roil markets too today (like Carl Icahn on Monday), as legendary trader and super bear Marc Faber stated yesterday that he sees “bears everywhere.”

Investors will likely be focusing on the plethora of economic reports released this morning, including a positive Retail Sales Report (+.4%), barely positive Core CPI Report (+.1%), and a barely  negative Consumer Price Index Report (-.1%).  Later on today we are also expecting a Business Inventories Report and an Existing Homesales Report.

Click here to learn more about John’s book and for a free membership to Wall Street Sector Selector

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