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Insiders Club - 1.6.2015 Bookmark


Well, that was certainly interesting. On what you could consider the first "real" day of the New year, investors decided they wanted to lock in profits from the previous year. In a way it was almost comical to watch as CNBC was literally in a panic trying to tell everyone that it was fine, all is well, this is normal, etc. etc.

But the fact is that we did fall 330 points on the DOW and almost 40 on the S&P. That put both averages well below their 50 day moving average.

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