Another Day of Declines For Stock Market – 3 Days In A Row

by Das Brain

Looking at the major U.S stock market indices right now, it is all red.  Today makes the third day of declines for U.S stock markets.  Funny, as I was writing my post 2 days ago about “when is the stock market will correct“, the market started to decline.

However, so far the correction have been less than 5%, I think that this may be the start of something bigger.  The market has ran too far, too quickly and some stock prices are over priced, but Wall Street analyst are still touting certain stocks sending them higher.    Basically, leading the sheeps to the slaughter.

From a technical stand point, the Dow Jones Industrial average is showing weakness. See Jason Ng daily U.S stock market analysis. 

Let’s see what happens for the rest of this week. 

 

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