Market Commentary: DOW Closes Down 335 Points, SP500 Closes Down Two Percent
This is a great article about the 335 point down day for the Dow on October 9, 2014. It certainly looks like the stock market is rolling over, but it is too early to say just yet. Gary said he went long on a couple of reverse ETFs for protection. I think that is a very good idea, and I plan to buy SQQQ, the Nasdaq 3x short, in the next few days if things don't turn around. Even while the U.S. economy is doing okay, market sellers won't let go on the idea that Europe will bring down everybody.
Gary brought up other good points about watching the negative numbers of the bullish percent charts $BPNYA (NYSE) and $BPSPX (S&P). The NYSE bullish percent is at 49, and a reading below 44 will probably signal a market crash. If that happens, it could be months before the stock market recovers because the golden goose will have been killed, and retail investors will be very slow to return to the market.
Thursday, October 9, 2014
Tuesday, October 7, 2014
Losing Two Teeth
At the dentist office last week, I finally lost the battle to save a tooth bridge that I had maintained for 40 years since 1974. The bridge was only rebuilt once during that time in 2002. I don't know if anyone is keeping records of this type, but it has been a great run.
For another record note, I have a crown that was installed on another tooth in 1974, and it is still in good shape today. Regular flossing, brushing, and using a 50% concentration of Listerine once daily has helped me preserve my teeth. I still have 25 more teeth, and I hope I will be able to keep them until I am laid to rest someday.
The point of all this is that I have a positive attitude about the matter. I enjoyed the teeth for many years, and there is more to life than losing a couple teeth. I have a good job and reasonable health for being 64 years old. I live in a great place, and I can still walk around very well. So, I choose to look at the bright side of life.
For another record note, I have a crown that was installed on another tooth in 1974, and it is still in good shape today. Regular flossing, brushing, and using a 50% concentration of Listerine once daily has helped me preserve my teeth. I still have 25 more teeth, and I hope I will be able to keep them until I am laid to rest someday.
The point of all this is that I have a positive attitude about the matter. I enjoyed the teeth for many years, and there is more to life than losing a couple teeth. I have a good job and reasonable health for being 64 years old. I live in a great place, and I can still walk around very well. So, I choose to look at the bright side of life.
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