The Rally Collapses

Another tough day. The stock market appeared to be getting better. In fact, the S&P 500 got as high as 1,948. As late as 3 pm, it was at 1,927.

But things fell apart in the last hour. The S&P 500 plunged 60 points in the last 60 minutes to close at 1,867.61. The index is now just above yesterday’s low. As ugly as yesterday’s open was, we’re basically right back there.

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For the day, the S&P 500 lost 1.35%. That’s actually the best day in the last four. Our Buy List fell 1.40%.

Posted by on August 25th, 2015 at 4:58 pm


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