S&P 500 Breaks Below 2,000, Crashes Into Red Year-Over-Year

By | August 21, 2015 11:16 pm
3 Comments

The S&P 500 index has broken below the crucial psychological 2,000 level for the first time since late January. This is the biggest collapse in stocks since June 2013 (bigger than October’s plunge – which was only rescued by Bullard’s threat of QE4). What is perhaps most worrisome for the trend-followers – the S&P is now down year-over-year for the first time since May 2012… which once again brought The Fed out with moar QE.

 

The S&P 500 has broken below the crucial 2,000 level…

 

And The S&P 500 is now down YoY for the first time since May 2012…

 

Charts: Bloomberg

Category: Daily

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

3 thoughts on “S&P 500 Breaks Below 2,000, Crashes Into Red Year-Over-Year”

  1. Publicum

    Stocks Plunge Sharply for a Second Day on Wall Street
    By PETER EAVIS
    The downturn threatens to end one of the longest bull runs in the history of the United States stock market.
    http://www.nytimes.com/2015/08/22/business/dealbook/global-markets-fall-for-second-day.html?emc=edit_th_20150822&nl=todaysheadlines&nlid=56431409

    Advice After Stock Market Drop: Take Some Deep Breaths, and Don’t Do a Thing
    By RON LIEBER
    The market is experiencing a plunge, but don’t panic. Here are six pieces of advice to help get you through this unstable period.
    http://www.nytimes.com/2015/08/22/your-money/stocks-and-bonds/advice-after-stock-market-drop-take-some-deep-breaths-and-dont-do-a-thing.html?emc=edit_th_20150822&nl=todaysheadlines&nlid=56431409

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