My approach to this sort of action is to forget the indices and focus on managing your individual positions.
You are hearing talk of an 'earnings recession'. Just talk, my friends. Our marketplace has already been mired in an earnings recession for quite some time.
Stocks are set to gap up at the open this morning, but the big question is whether the news flow will be used as an excuse for some further profit taking.
These names are showing both technical and quantitative deterioration.
The problem that most people have with selling is that they are afraid that their timing will be wrong and they will dump a big winner prematurely.
Call me Mr. Downside.
The industry downturn has presented multiple buying opportunities among the better-quality REITs.
There's a theme in play here on several levels.
It is highly unlikely that the indices are going to roll over and go straight down from here.
The Taiwan stock market has peaked in the spring three times only to suffer a huge selloff. Can it continue its 31% run after presidential elections on Saturday?