Stock Market Crash Part II – 2nd Leg Lower Starts Here

From the investment professional who predicted the August 2015 stock market crash. 

Stocks should benefit Thursday from ECB catalyst, but I suggest investors avoid the temptation to purchase equities now as Friday’s jobs data weighs heavily. The European Central Bank is likely to say something supportive for stocks today. However, by the close of trading, the weight of the pending Employment Situation Report due Friday morning, upon which perhaps a U.S. Fed Funds Rate hike hinges, should renew market worry. The event is capable of stirring selling as already flighty investors take risk off into the weekend. Broadly speaking, investors should still get a better entry point for stocks as a result of the uncertainty around the Fed move and the global growth question. See the full report of the Stock Market Crash Part II here.

European Equities	%  Off 52-Week High
iShares Europe (NYSE: IEV)	-13.9%
Vanguard FTSE Europe (NYSE: VGK)	-13.1%
WisdomTree Europe Hedged Equity (NYSE: HEDJ)	-17.4%
iShares MSCI Germany (NYSE: EWG)	-15.5%
iShares MSCI United Kingdom (NYSE: EWU)	-18.8%
iShares MSCI France (NYSE: EWQ)	-11.7%
iShares MSCI Italy (NYSE: EWI)	-11.4%
iShares MSCI Spain (NYSE: EWP)	-25.0%
Global X FTSE Greece 20 (NYSE: GREK)	-56.1%

Market Sector & Select Stocks	% Off 52-Week High
SPDR S&P 500 (NYSE: SPY)	-8.6%
SPDR Dow Jones (NYSE: DIA)	-10.8%
PowerShares QQQ (Nasdaq: QQQ)	-9.2%
iShares Russell 2000 (NYSE: IWM)	-11.8%
Vanguard Total Stock Market (NYSE: VTI)	-8.9%
GoPro (Nasdaq: GPRO)	-58%
Facebook (Nasdaq: FB)	-9.4%
Ambarella (Nasdaq: AMBA)	-36.5%
Five Below (Nasdaq: FIVE)	-20.6%

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.