That's not a huge move down, but IWM dropped .5% in just a couple minutes. That's the first red week for small caps since the first half of November. I still think January will be a loser...at least for small caps...maybe we'll see some strength from large dividend stocks that haven't done anything over the last couple months as everything else has rallied.
VIX down 5% today and now at $15.XX...a level that has been strong support over the last 3 years...the support that was reached this past Spring...right before the VIX tripled and stocks tanked. I'm not getting short quite yet, but I'm thinking about it.
...the market is up significantly, small caps are flying, but all my large cap dividend stocks are red...almost straight down for the close until now...
My watch list is full of large cap dividend stocks. While most have been lagging small caps recently, they have been marching upwards right along with the broader market. Today, most of these stocks are down...several by more than 1% on no news...at least not that I know of. What's going on? I can't remember ever seeing a down day like this (on these stocks) without the broader market selling off... [more]
I've mentioned previously that it appears that auto sales in my area are very weak right now. This past summer, it was obvious that sales had picked up...you saw temporary tags everywhere you went. Lately, I've seen few, if any, and I've been out much more than usual getting Christmas shopping wrapped up. Just based on what I've observed locally, and in a few other cities that I've traveled to recently, I find it hard to believe that any of the automakers are selling much right now...okay, maybe Subaru, as people start getting stuck in the snow and want AWD. [more]