o Market’s stay below 50 day moving average and IBD changes the market status to “market in correction” on 8/5/14.
o Fear of Russian sanctions/counter-sanctions on world economy
- Smoot Hawley Act ushered in the Depression
o Large exodus out of junk bonds
- Listener questions
o How to invest a small sum of money? You don’t, you save it. There’s a difference between “saving” and “investing”.
o Ebola- is it real or hype? Doesn’t matter in terms of the stock market where perception is reality. Trades are made in anticipation of future earnings…the threat of a pandemic could positively or negatively impact a stock’s short term price.
o Yahoo Finance charges for headline placement
o Democratic congressman shames Obama for lying…while enabling him
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