Now, after 126 years of dominating retail sales, then being kicked out of the Dow Jones Average, Sears is no more.
Last week, the NYSE new 52-week highs were 23 against 1,134 52-week new lows. That is not a good ratio for any investor.
September housing sales were a big disappointment along with lower revisions for prior data periods. Six straight months of decline. Ouch! And the Fed wants even higher interest rates!!
Biggest buyers of stocks have moved to sidelines which partially explains last week’s market drop.