Dailybeam

It is unhealthy to stand on the tracks in the path of an oncoming freight train.  The train will win.  The stock market today was much like a freight train, and just as insistent.  The drop in the early hours was significant, even though the Fed had reduced the Fed Funds rate before the markets opened for trading.  Traders who were not nimble enough to exit the market on Friday were severely hurt today.  On the other hand, those investors who had the foresight to acquire "Put" options on the market were amply rewarded if they exited during the first hours of trading today.  CandleWave’s investment newsletter will present a study of today’s and tomorrow’s stock market action in its edition to be published tomorrow evening, as well as a forecast of likely market action in the days ahead, including an assessment of the likelihood of a substantial rally.