Every Stock in S&P 500 Down

By on August 9, 2011

The Stock Sage noticed something I didn’t.  Every single one of the stocks in the 2nd most widely followed index in the world was down yesterday.  As he points out, even Newmont Mining couldn’t gain ground with gold climbing $70/ounce to a new all-time record.

Currently the futures markets are taking a wild ride.  Dow futures were down over 300 points a few hours ago, but right now (5 a.m. EST) they are flat.   I expect a huge rally soon.  We are close to a second buy signal within a week’s time; an extremely rare occurrence.  The futures are still fluctuating wildly (down 90 points at 5:06 EST!).

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