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17Aug2017 Market Close: Wall Street Has Taken A Nose Dive, DOW Down 274 Points, WTI Crude Settles In The Low 47 Handle, Some Analysts Believe Trump Is The Problem

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Written by Gary

US stock markets sold off today (SPY -1.6%), with the S&P 500 hitting its lowest level in a month. The real cause is the coming spectacular eclipse that will allow market bears to sneak out and eat any bulls they find.

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What We Read Today 17 August 2017

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary 'reading list' which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for 'reading list' items are gratefully reviewed, although sometimes space limits the number included.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).

BECOME A GEI MEMBER - IT's FREE!

Every day most of this column ("What We Read Today") is available only to GEI members.

To become a GEI Member simply subscribe to our FREE daily newsletter.

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 more features, analysis, studies, and news published in the last week

This Might Shock You: Downed Power Line

If you come across a downed power line, stay as far away from it as you can and call 911. Assume it is live. Never touch a downed power line or anything near it. Do not drive over down power lines. Should a power line fall on your car when you're driving, slowly continue to move completely clear of it. If your car can't move away from the power line, stay in the car until help arrives.

Infographic Of The Day: Which Companies Make The Most Revenue Per Employee

On average, companies in the energy sector make at least 2x per employee than others.

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Video of the Day:

If you come across a downed power line, stay as far away from it as you can and call 911. Assume it is live. Never touch a downed power line or anything near it. Do not drive over down power lines. Should a power line fall on your car when you're driving, slowly continue to move completely clear of it. If your car can't move away from the power line, stay in the car until help arrives.


video of day picture





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Current Weather Outlook

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Re the Monsoon:  Break - Surge - Break: Re 6 to 14 Day Outlook: Don't Count on it.

NOAA is assigning a low probability to the 6 - 14 Day Forecast due to "FORECAST CONFIDENCE FOR THE 6-10 DAY PERIOD: BELOW AVERAGE, 2 OUT OF 5, DUE TO A PREDICTED LOW AMPLITUDE PATTERN AND CONFLICTING / WEAK SIGNALS AMONG THE SURFACE TOOLS." Another way of putting that is that it is hard to predict weather when there is none. But we believe the real problem is the inability of the models to deal with a confusing situation most likely related to the time of year and the rapid change in conditions along the Equator. The Southwest Monsoon has been going through rapid changes. Earlier this past week, we had a Break (reduction in activity) and we may now be in the final days of a Surge and the forecast is for another probably short Break. it is a bit unusual to have these rapid swings. It may be that the Monsoon this summer requires favorable conditions to overcome certain negative factors.


 more investing, markets, precious metals & forex

17Aug2017 Market Update: Wall Street Takes Time-off For A Minor Correction, Small Caps Off 1.4 Percent, DOW Down Triple Digits, WTI Crude Climbs Back Up To The Low 47 Handle



 more opinion

Phantom Of The Financial Opera

Written by Carmine Gorga, The Somist Institute

There are warnings in the airwaves about a collapse of the Stock Market in 2017 - or any time in the future.

What to do then?

concordian.economics.caption

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 USA economy at a glance (boxed items are updates in last 7 days)

July 2017 Leading Economic Index: Suggests Improvement In Economic Growth

Written by Steven Hansen

The Conference Board Leading Economic Index (LEI) for the U.S again improved this month - and the authors suggest that the "U.S. economy may experience further improvements in economic activity in the second half of the year".

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