| Could SAC Capital Be a Black Swan by: Dan Stewart
The markets have become more choppy recently. Earnings have been mixed and the economic data is showing a slowdown in the U.S. economy. Yesterday the DOW and the S&P 500 spent most of the morning in the red, but then reversed finishing moderately in the green. The NASDAQ had a much better day due to Facebook's (FB) strong performance after a big earnings surprise to the upside.
Total volume was down slightly on the NYSE but higher on the NASDAQ thanks to FB. Up Volume was 59% on the NYSE and 70% on the NASDAQ. Advancing issues were 56% and 66% respectively.
Now the markets are technically overbought but investors seem unwilling to sell yet. And the midterm trend remains strong. Weak earnings could shake the markets.
So I intend to simply...
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