Tag Archives: hurricane
Comments from three regional Federal Reserve presidents touched off a selling squall on Wall Street today. (The Dow fell 94 points, and the blue chip S&P 500 sustained an even bigger percentage loss.) It’s a sign that the stock market is becoming more and more worried that the central bank may tighten credit too far.
The pieces are coming together for an important stock market bottom in mid- to late October. But you can’t expect to put all your spare cash to work on the exact bottom day.
It may seem sunny right now on Wall Street, but a little cloudburst is about to moisten the stock market’s parade. The leading edge of the storm may be only a couple of days away.