Chaos In The Middle East, Collapse In The Baltic Dry Index And The War In Gold

Wednesday, November 25, 2015
By Paul Martin
November 24, 2015

On the heels of Turkey shooting down a Russian fighter, today one of the greats in the business sent King World News a fantastic piece about the chaos in the Middle East, the collapse in the Baltic Dry Index and the war in gold.

By Bill Fleckenstein President Of Fleckenstein Capital

November 24 (King World News) – Overnight markets were weaker, with Europe losing better than 1.5%. The proximate cause for that weakness appeared to be the news that Turkey shot down a Russian fighter, as events in the Middle East continue to deteriorate and morph in somewhat predictable yet chaotic ways…

Bill Fleckenstein continues: Through midday our stock market lost about 0.75%, led lower by the Nasdaq, which in turn was led lower by the momentum favorites like Facebook, Amazon, Netflix, LinkedIn, etc. However, that dip was arrested, as nearly everything slowly turned green and the market closed with a small gain. Away from stocks, green paper was weaker, oil gained 3%, fixed income was higher, and the metals gained 0.5%.

Same Time Next Weak?

The Rest…HERE

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