Market recap: Stocks closed at session lows, with the S&P 500 and Nasdaq logging their worst...


Market recap: Stocks closed at session lows, with the S&P 500 and Nasdaq logging their worst day in two months, as Caterpillar's tepid outlook sparked concerns about global growth and Philly Fed's Plosser said the new bond-buying program is unlikely to help much. Scenes of austerity protests in Spain may have added to afternoon pessimism. NYSE losers led winners three to one.
Comments (4)
  • Joe Razorback
    , contributor
    Comments (280) | Send Message
     
    Summary: Buy apple on the dip.. LOL
    25 Sep 2012, 04:16 PM Reply Like
  • Drew Robertson
    , contributor
    Comments (373) | Send Message
     
    Atonement Sell-off
    25 Sep 2012, 04:29 PM Reply Like
  • into dark shadows
    , contributor
    Comments (460) | Send Message
     
    Excuse to take profits?
    But seriously,
    if you look at the internals of APPLE (which basically is the QQQ's),
    the chart is looking very weak.
    Multiple points of negative divergence!

     

    This market is poised for some sort of pull back.
    How deep?
    We'll see when the profit taking starts and just how much greed as opposed to fear sets in!
    25 Sep 2012, 04:40 PM Reply Like
  • untrusting investor
    , contributor
    Comments (9903) | Send Message
     
    Well, at some point weakening corporate revenues and earnings and weakening global economies had to start getting priced into the equity and commodity markets.
    25 Sep 2012, 11:25 PM Reply Like
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