In this week’s Stock Market Analysis Video, Cabot China & Emerging Markets Report Editor Paul Goodwin says if he could only use one word to describe this week in the market, he would simply say it was bad. Paul discussed Cabot’s market timing indicators and why we recommend getting out of the market when things turn sour. Stocks discussed: ATA Inc. (ATAI), Yanzhou Coal Mining (YZC), Illumina (ILUM) and Priceline.com (PCLN). Click below to watch the video!
For the first four weeks or so of this market correction, which began on May 1, the environment wasn’t too bad. The major indexes were down 2% or 3% from their highs, and while many leading stocks were faring worse, it wasn’t a horror show … more of a consolidation than a huge retreat. However, since June 1, there’s no doubt that the market’s character has changed, with sellers starting to unload–all indexes have hit new correction lows, and many stocks (even those that had been holding up well) have been hit very hard. And, as usually happens a...
