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1.12.2015 Insane Chop Continues Bookmark

We've seen one of the volatile starts to a new year than I can remember. I've been doing this for about 20 years,and I'm hard pressed to think of a time when we've seen this much up and down chop this early in the year. Just a quick look at last week sums it up. We fall some, then "boom" up we go for over 300. But that sells off on Friday by 170 points.
We've seen one of the volatile starts to a new year than I can remember. I've been doing this for about 20 years,and I'm hard pressed to think of a time when we've seen this much up and down chop this early in the year. Just a quick look at last week sums it up. We fall some, then "boom" up we go for over 300. But that sells off on Friday by 170 points.

Today we open and instantly fall 150 points. So that entire massive "up" day we had last Thursday, was erased by 9:50 this morning. That's an incredible amount of slicing and dicing for a new year, Hey, we get it. We've got some tremendous push and pull going on out there. Oil is falling like a rock again, printing a 45 handle for the first time in 6 years. We've got pundits telling us that Draghi is going to go all in on QE next week when the Europeans meet to discuss policy. We've got big names like Sandisk and Tiffany warning about earnings. It is a choppy mess and I don't see the end of that chop any time soon.

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