Mark J Lundeen
The Dow Jones closed the week down 3.20% from its last all-time high. On a week where the FOMC cut its Fed Funds Rate by twenty-five basis points (0.25%), the Dow Jones deflated 2.59% BEV points from last week’s close, or down 707.44...
As I expected, after bouncing off the bottom of an 18% correction late last December, and a minor 7.5% correction on May 31st, the Dow Jones is losing steam as it began making new all-time highs in early July. Taking into consideration...
Coming back from a two week break I see the Dow Jones made four new all-time highs in the past three weeks. That doesn’t surprise me, nor will it if the Dow continues doing so for a good time to come.
Every bull market advance eventually sees its last all-time high. No one rings a bell when it happens, but from that point on things begin to change for the worse for the bulls.
Two weeks ago the Dow Jones crashed into its BEV -7.5% line. My reaction to that was to become a bear on the stock market. Now ten NYSE trading sessions later, it’s advanced to within a half of a percent (0.41%) from its all-time high of...
This week the Dow Jones didn’t move far from where it closed last week, advancing to -2.75% from last October’s all-time highs, from last week’s -3.15%. The change from last week’s position in the Dow Jones Bear’s Eye View chart below is...
Last week it appeared the Dow Jones Index had one foot in its grave and the other on a banana peel, ready to break below its BEV -7.5% line and on its way to the -10% line in the BEV chart below. I didn’t believe it would move lower by 2....
Last week I was still optimistic on the prospects of the Dow Jones making new all-time highs in the weeks and months to come. However, seeing this tired old bull fall down and bang its head on the BEV -7.5% line below at the close of this...
The Dow Jones closed the week -4.63% from its last all-time high of October 3rd. Let’s round that down to -5%, which as seen in the table on the Dow Jones’ BEV chart is 1,342 points below last October’s high-water mark. So, is Mr Bear...
What a difference a week can make. These past few weeks I’ve been complaining about the Dow Jones inability to do something to the up or downside. Then this week the Dow decided to do something; like going down 563 points (-2.12%) from...
