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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSlow-drip stock sell-off getting worse than past flash crashes
Andrew Adams lived through Brexit. He made it through the presidential election, and Chinas devaluation, when violent selloffs in U.S. equities gave way to heroic recoveries. Going by the charts, he says, this episode looks the same. But going by his nerves its different.
Theres less conviction that something is there to bail us out, said Adams, a strategist for Raymond James & Associates in St. Petersburg, Florida. This time, no ones really expecting much out of the markets.
While Adams is a long way from throwing in the towel, hes not imagining things when it comes to subtle shifts in market behavior. One is the persistence of losses. Stocks in the S&P 500 have dropped in 18 of the 23 days since peaking in September, roughly twice the frequency of the last three corrections.
Its been such a grind that one of the longest-term technical indicators, the 200-day moving average on the S&P 500, just fell for the first time in 2 1/2 years.
https://www.msn.com/en-us/money/markets/slow-drip-stock-sell-off-getting-worse-than-past-flash-crashes/ar-BBOPnK1?li=BBnbfcN
Wellstone ruled
(34,661 posts)Watch for statements from Art Hogan,as listen to how he speaks. State Street is one of the Biggee's when it comes to Market Making.
Adrahil
(13,340 posts)I have a feeling the market is close tot topped out. A bear market is coming.
marylandblue
(12,344 posts)The Great Crash of 1929 was preceded by flash crashes, which is one reason people were unprepared. The market always came back before, until it didn't.