Wednesday, June 21, 2017

Stocks Always "Struggling" In One of History's Most Bearish Bull Markets

Stocks struggle to find direction in what could be history's most bearish bull market ever. Price, volume, and lesser degree leverage define an up impulse struggling with consolidation. Bull markets, without a doubt, crash from position of extreme optimism. I ask you, is the majority optimistic? Those that cannot answer that question aren't concerned about stock market crashes because they're not qualified to time the markets.

Headline: Stocks struggle to find direction as investors watch oil; Travis Kalanick out as Uber CEO

Wall Street is looking a little wobbly. Stock futures are pointing to a mixed open as oil prices stabilize after sinking into bear market territory as supply concerns resurfaced on Tuesday. Alexis Christoforous, Rick Newman, Jared Blikre and Dan Roberts discuss the day’s top business stories, including the resignation of Uber CEO Travis Kalanick. Where does Uber go from here?



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