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b'JOIN PETER at the New Orleans Investment Conference
\\nhttps://neworleansconference.com/conference-schedule/
\\nA Very Volatile and Technically Weak Trading Day for the Dow
\\nHere I am for the third day in a row doing a podcast. It\'s market volatility that has brought me to the mic yet again. The Dow Jones down 525 points; a very volatile and technically weak trading day for the Dow. The market opened down, we quickly sold off, a couple of hundred, but then we rallied back! We got positive.\\xa0 I think we were up a hundred, maybe more, and then going into the last hour or near the last hour we sold off hard.\\xa0 the Dow was down I think close to 700, I\'m not sure exactly, but then, we got a rally. Not all the way back to unchanged, but then in the final 15 minutes of so the Dow rolled over once again to close just off the lows. Down 525 points. Over 2% down.\\xa0Not as big a drop as yesterday\'s drop, but coming on the back of yesterday\'s drop, it adds up.
\\nSome of the Tech Stock Actually Rallied Today
\\nThe transports, not down as much, another 1.5% added to yesterday\'s loss. NASDAQ - some of the tech stock actually rallied today, so that helped the NASDAQ; some were down, though. NASDAQ down 93 points, 1.25%.\\xa0 Russell 2000 down 30 points. That was just under 2%.
\\nIf the Stock Market Went down Enough, There Would Be a Bid in the Bond Market
\\nThe Bond market was actually up today.\\xa0 Finally we had a day where people were buying bonds.\\xa0 But I said this was going to happen. Eventually, if the stock market went down enough, there would be a bid in the bond market. That\'s exactly what happened.\\xa0If the stock market stops falling, then the bond market is going to resume its descent. This is the same dance that we were doing earlier in the year, that eventually came to an end, but we\'re back where we started from.
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\\nSo if we get stocks going up, then interest rates are going to go back up, which is going to scare the market. Now they\'re going to go back down, and so now people will buy bonds.
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