Stock market trends
Friday’s rout confirmed that the recent downtrend continues. The bloody red day was sparked by underwhelming results from the Employment Situation Report. The polled economists predicted that 150, 000 new jobs would be created in May. Instead, only a net of 69, 000 heard, congratulations, you are hired.
By closing at a new trend low, bears have made it clear that they aren’t done taking the market lower. Rising volume as stocks sink adds another piece of unwelcomed technical concern. As equities fall, investors want to see the number of shares trading dry up too. It is a sign that sellers are getting fatigued. The fact that volume is accelerating as stocks drop means we probably haven’t made contact with the bottom yet.
Based on what Top Equity News sees on the NASDAQ chat, the index appears to be eyeballing 2650 or 2600 as a potential landing spot. The first target would put the NASDAQ at nearly breakeven for 2012. All it will take is for the index to shave off another 90 points and it will be las if the hot start to start the year never happened.
The Dow has already wiped clean its 2012 gains and the S&P 500 is only 20 points away from playing the part of monkey do.
Overnight, Asian markets were down hard and European markets sort of mixed with only France on the plus side of zero. Pre-market US futures indicate a limp but mildly green opening bell; however, it would be a surprise if any upside lasted more than a day or two. Whenever trading produces a new, lower low than the previous pivot low, that means stocks have a few more steps down to go.
Source: Top Equity News
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Mass media2011-07-15 18:42:08 by 58andfixed
Mass media refers collectively to all media technologies, including the Internet, television, newspapers, film and radio, which are used for mass communications, and to the organizations which control these technologies.
Since the 1950s, in the countries that have reached a high level of industrialization, the mass media of cinema, radio and TV have a key role in political power.
Contemporary research demonstrates an increasing level of concentration of media ownership, with many media industries already highly concentrated and dominated by a very small number of firms.
Herd mentality describes how people are influenced by their peers to adopt certain behaviors, follow trends, and/or purchase items.
Examples of the herd mentality include...
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