"Selling Squall" Continues
The stock market continued downward today, Monday, August 24, 2015, with the Dow Jones Industrial Average (Dow) falling 588 points or -3.6%. This a total drop of about -13% from the Dow’s all-time high of about 18,300 in May of this year. As offered in our email to you last Friday, August 21st, we continue to believe that this is a correction vs. the start of the next bear market, but, of course, we can be surprised.
Jeff Saut, Raymond James Investment Strategist, calls the equity market action we’ve been seeing a “selling squall.”
As always, please let us know your comments and questions.