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US Stocks Tumble, Almost No Place to Hide

Posted by Barry on Oct 9, 2014 2:54:00 PM

 

Market Update

By 2 PM EST Markets were down almost 2% across the board. The US 10Yr yield at lowest since mid-2013. Gold is on the rise as a safe haven. There are not many places to hide today, look at this heat map:

stock map 10 9 2014 resized 600

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Stock News

Apple Inc. (AAPL) stock traded lower today as well even after activist investor claims the stock is undervalued, with a suggested value of $203. On the earnings front Alcoa, Inc. (AA) reported after the bell yesterday and beat the expectations is also down with the market today.  This 2:30PM EST chart should show the current sentiment of the market:

indu chart 10 9 2014 resized 600

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On a bright note; one stock stands out today, Lakeland Industries, Inc. (LAKE) up over 65% in the afternoon. The company supplies protective clothing to state and federal agencies and could be benefiting from the Ebola fears:

lakeland quote 10 9 2014 resized 600

 

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