Jim Brown: We Just Broke A Record – “Anything Is Possible” After Today’s Fed Decision
KingWorldNews.com
December 19, 2018
On the heels of more violent trading in global markets, market veteran, Jim Brown, warns “anything is possible” after today’s Fed decision.
Anything Is Possible
December 19 (King World News) – Courtesy of legend Art Cashin: A Bit Of A Profile From A Pro – My friend and fellow market veteran, Jim Brown, the chart guru over at Option Investor, wrote this overnight:
I have seen multiple analyst comments that expect a post Fed bounce and then a return to bearishness on Thursday. Their crystal balls are a lot clearer than mine. I do not see any strong clues in either direction and we will be governed by Fed headlines. After that is over anything is possible. The last two weeks of December are normally the strongest but historical trends have failed completely in 2018.
What we do have is 81% of the S&P 500 stocks in correction. Of those 54% are in a bear market. Of the 2,800 stocks on the NYSE, 880 of them made new 52-week lows on Monday. That is a record.
The Rest…HERE
