Is Bad Economic News Finally Weighing on Stocks? Ep. 64

Published: March 26, 2015, 2:03 p.m.


\n\t* Near 300 point drop in the Dow
\n\t* NASDAQ down 118
\n\t* S&P down 30 points
\n\t* $1.50 gain in oil and oil stocks up
\n\t* No significant economic news that would trigger this move
\n\t* Dollar was not down much lower on day
\n\t* The 110 level is holding back the euro
\n\t* Expectations that the euro will roll over on higher U.S. interest rates kept the dollar up
\n\t* A weak stock market is bad for the dollar and good for gold because the Fed is likely to not raise interest rates or launch QE4
\n\t* The only way the Fed can prevent a correction from turning into a bear market is by launching QE4
\n\t* The Fed has built this "recovery" on asset bubbles
\n\t* Launching QE3 guarantees QE4
\n\t* The only thing that will stop perpetual stimulus is a currency crisis
\n\t* Durable Goods Orders were estimated at .7% gain
\n\t* Actual number came in at a 1.4% decline
\n\t* Five consecutive monthly declines in Durable Goods X Transportation
\n\t* The last time that happened was during the months surrounding the 2008 financial crisis
\n\t* The U.S. economy today is the weakest it has been since the depth of the 2008 financial crisis
\n\t* The final revisions to Q4 GDP due on Friday are estimated to go down
\n\t* There's a good chance the number will be lower than 2%
\n\t* Pundits are making excuses, saying that the "First quarter
\ns always weak" or "It's the weather"
\n\t* They don't want to come to terms with reality
\n\nOur Sponsors:\n* Check out Ethos: ethoslife.com/GOLD \n\nPrivacy & Opt-Out: https://redcircle.com/privacy