Courtesy of John Nyaradi.

Stock Markets Likely To Bleed Out Again

Stock markets are likely to decline further as investors continue to wake up

The Fortune Teller Speaks:

I predict a stock market fall today based on the notion that investors are finally waking up to the grim reality of trading: stock markets cannot go up forever.

Wall Street Beats & Jives:

All eyes on Wall Street will be focused on today’s Jobless Claims Report, which will likely spur a negative reaction despite potentially positive results.  It is bitterly ironic that Wall Street declines on news that the economy is improving, but after yesterday’ls sick peformance over the positive ADP Employment Report, anything is possible.  And, don’t forget that this stock market cannot go up forever and that as soon as the economy does improve, the Fed will likely remove the punchbowl and we will all be finished.

Hindsight is a Beach and We’lre Playing on It:

Yesterday I was correct with the S&P 500 (NYSEARCA:SPY) and the Dow Jones Industrial Average (NYSEARCA:DIA); both indexes dropped .13% and .16% respectively.  The Nasdaq 100 (NASDAQ:QQQ) was the black sheep with a .02% increase (damn the bulls!!).

Greed or Fear?

Stock markets and investors seem largely driven by greed AND fear, which is a deadly combination.  Judging by the bulls’ heroic efforts yesterday, we are still far from a completely fear-driven market.

Fun Fact:

Hackers stole over 2 million accounts from Facebook, Twitter, Google, Yahoo and other big names.  Change your password and hide your kids!

My Secret Sauce is Red:

I am again predicting a stock market delcine.  May the bears be with us.

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