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Stock Market Slippery Slope

Stock-Markets / Stock Markets 2015 Jul 26, 2015 - 07:03 PM GMT

By: Jesse

US equities continued to slide today as the recent makeover rally designed to put some lipstick on some new tech pigs has continued to retreat.

Stock had their worst week of the year. I hope you were able to take something off the table.

New housing sales slumped badly according to this morning's economic data.

We are obviously in the rinse cycle now of the usual wash n' rinse mo-mo scam that substitutes for market price discovery these days.

Let's see if it keeps going or continues to stay well-behaving and responsive to the whims of the algos and insiders.

Have a pleasant weekend.

By Jesse

http://jessescrossroadscafe.blogspot.com

Welcome to Jesse's Café Américain - These are personal observations about the economy and the markets. In providing information, we hope this allows you to make your own decisions in an informed manner, even if it is from learning by our mistakes, which are many.

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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