Tuesday, October 28, 2014

Three Reasons Why You Should Expect a 30% Market Meltdown

You’re too late to avoid the bear market, so get ready
by Mark D. Cook
Market Watch

In a commentary for Marketwatch just over two months ago, I predicted that the U.S. stock faced at least a 20% correction. The signals now point to a 30% downturn.
This recent market volatility VIX, -2.54% is just the beginning. The declines that corrected prices more than 10% in both the Russell 2000 Index RUT, +0.21% and the Nasdaq Composite Index COMP, +0.69% encompassed the majority of the market, and these stocks have begun their descent. Meanwhile, both the Dow Jones Industrial Average DJIA, +0.76% , containing 30 stocks, and the S&P 500 SPX, +0.71% have yet to correct 10%, but historically they are the last to fall.
Continue Reading at MarketWatch.com…
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What Happens When You Run Out Of VIX To Short?

zerohedge.com / by Tyler Durden on 10/27/2014 15:23
You just short some more…
Since December 2013, there have been more shares short than shares outstanding in VXX – the VIX ETF.

Currently, there are 2.5 times more shares short than shares outstanding… as oustanding collapses to six-month lows as shorts surge to a new record high…
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Why Biotech Stocks are Screaming “Buy Me” Right Now

by Greg Guenthner
Daily Reckoning

That bright neon sign you’re looking at are biotech stocks flashing, “Buy me!”
So put down your morning joe. Go ahead, do it. And ignore all incoming e-mail for the next few minutes. Because the biotech breakout has arrived — and it can make you a bundle over the next few months.
That’s right. Forget about this month’s stock roller-coaster ride. Yeah, sure, it was painful for some. But it’s time to hop aboard biotech…
I can see you there right now, arms crossed, getting up in my grill: ‘Oh, yeah, Guenthner? I just lost a bunch of dough on stocks. You think my wife’s gonna let me buy biotech now?’
Continue Reading at DailyReckoning.com…
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Sterne Agee Warns, The Correction Hasn’t “Fixed” Anything

zerohedge.com / by Tyler Durden on 10/27/2014 18:21
The 76% retracement S&P 500 rebound was so quick and so steep that Sterne Agee’s Carter Worth warns it “suggests that the mentality that fosters complacency and excess in the first place, remains in effect. And that means, of course, that nothing has been corrected.”
Low volume bounce squeeze “fixed nothing”…
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2008, Part II? – Only Best of the Best Miners + Cash

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