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Déjà Vu All Over Again

From Dave's Daily
September 25, 2014 - 8:27pm

The last time markets had a large drop was as we hit the road on July 31st and that’s not long ago. Then markets spent the first half of August falling until a rally took place in the middle of the month. The rally became irregular in September even while setting new record highs. Now as September ends we get a significant sell-off. Why did this happen. There was a combination of events taking place. First Apple (AAPL) suffered from the new iPhone 6 IOS system bug and then a discovery that thinness can allow for both comfortable width but at the expense of bending. Durable Goods Orders fell 18\% vs -17.1\% expected & prior 22.5\%. That sounds like a bad report but ex-Transportation (Boeing et al) the Read more...

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