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4.8.2016 - Insiders Club Bookmark

4.8.2016

Good morning all, we've made it to Friday.  (Whew!)

In Sunday night's letter I suggested that my feeling was that we'd trade sideways and down this week. Well so far that's come true. Opening Monday at 2073 on the S&P, we fell Monday and Tuesday, bounced big Wednesday and then rolled back over Thursday.

As yesterday afternoon was developing, the market started to swoon. At one point the DOW was down over 215 points, and the S&P was down about 30+. It looked like they had finally decided to "pull the plug"  But...we'd seen things like this before, only to see them save the day.

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