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

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

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\\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
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