Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

After the QE3 'Sugar Cube,' SPX Declines


Also, sectors decouple: Witness the Dow Jones Transportation Average and the Dow Jones Industrial Average.

The call for this week: Mark Twain once remarked, "October, this is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August, and February." However, if the typical presidential election year trading pattern continues to play, after a pause/pullback stocks should trade higher (see the below chart). And this week is full of economic reports that could cause a pause/pullback.

This week, we get the global manufacturing data and the US jobs data. The wildcard, however, is Spain. The bulls are hoping that last week's Spanish budget proposals will pave the way for a bailout request by Mariano Rajoy's government. If so, it would be a step in clearing some of the uncertainty in the eurozone. Whatever the news, I don't think stocks will pull back much from here.

No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Featured Videos