Every month or so, Keith Fitz-Gerald, Shah Gilani or a few of the other editors here at Money Map Press will wonder aloud if the big Wall Street investment banks have secreted a bunch of listening-device "bugs" in our offices or on our phones.
They haven't, of course. And our comments were made in jest - and meant only as a joke.
But the coincidences that prompt these surveillance-by-Big-Brother quips can be quite remarkable.
Let me share a brand-new story that shows you what I mean....
The market sell-off that started 2014 has turned around this week with the S&P 500 up 2.1% and the Dow Jones Industrial Average up 1.7%.
That has investors wondering if the market sell-off is over.
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Today's stock market news, Feb. 12, 2014: The Dow Jones Industrial Average soared more than 192 points on Tuesday after new Fed chair Janet Yellen stressed that monetary policy is unlikely to change under her leadership. The Dow ticked above 16,000 for the first time since Jan. 24. The S&P rose 1.1% to close at 1,819.75 and the Nasdaq increased 1% to 4,191.04.
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For months, Wall Street insiders have passed this chart around amongst themselves and nervously discussed whether it foretells a major stock market sell-off.
The chart compares the path of the current Dow Jones Industrial Average over the past year and a half to the Dow's moves over the 1928-1929 period.
While the Dow is trading at a much higher level now than in the 1928-1929 period, the pattern is eerily similar to the path that led to the worst stock market crash in Wall Street history, right up to the recent stock market sell-off and recovery.
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Stock Market Today, Feb. 10: U.S. stocks were buoyant but fluctuating today, with both the Nasdaq and S&P 500 closing in green territory, although the Dow slipped.
The Dow Jones Industrial Average closed up 0.1%, or 7.71 points, at 15,801.79 points; The S&P 500 closed up 0.2%, or 2.82 points at 1,799.84; and the Nasdaq Composite Index closed up 0.5%, or 22.3 points at 4,148.17 points.
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Today's stock market news, Feb. 10, 2014: The markets recovered last week after a choppy start to February trading. On Thursday and Friday, the markets dismissed disappointing unemployment numbers and tepid economic data. The S&P 500 increased 2.6% over the two days.
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Stock market today, Feb. 7: Today (Friday), U.S. stocks closed in positive territory for a second consecutive session after the January jobs report revealed a declining unemployment rate.
The Dow Jones Industrial Average closed up 1.06%, or 165.55 points at 15,794.08 points; the S&P 500 closed up 1.33%%, or 23.6 points at 1,797.02, and the Nasdaq Composite Index closed up 1.68%, or 68.7 points at 4,125.86.
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Today's stock market news, February 7, 2014: The U.S. markets rose on Thursday as jobless claims were lower than expected, and hopes for an improving labor market surged.
Yesterday, the Dow Jones Industrial Average increased 1.22% to 15,628.46. The S&P 500 ticked up 1.24% to 1,773.43, and the Nasdaq grew 1.14% to 4,057.12.
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The stock market sell-off has made for a rough start to 2014 - and February could bring more of the same.
The S&P 500 Index fell by 3.56% in January, its worst monthly drop since May 2012, and was off to its worst start in February since 1933. The Dow Jones Industrial Average plunged more than 300 points on Monday, Feb. 3, and had its worst start since 1982. And the Nasdaq Composite Index started the month down 106 points, or 2.61%.
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Today's stock market news, Feb. 5, 2014:
Yesterday, the Dow Jones Industrial Average rose 0.5% to close at 15,445. The Nasdaq ticked upward 0.8% to 4,031, while the S&P 500 increased 0.75% to 1,755.
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The Dow Jones Industrial Average plunged 326 points today, while the S&P 500 dipped 40 points and the Nasdaq dropped 107. In 2014, the Dow is down 7.3%, the S&P 500 5.8%, and the Nasdaq 4.3%.
Money Morning's Chief Investment Strategist Keith Fitz-Gerald joined FOX Business' "Varney & Co." today (Monday) to answer today's biggest question: Should investors be worried about this stock market selloff?
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Stock Market Today, Feb. 3: U.S. stocks closed down Monday after a rough trading session on the heels of a disappointing report on U.S. manufacturing and ahead of a busy week for economic indicators.
The Dow Jones Industrial Average closed down 326.05 points, or 2.1%, at 15,372.80 points; the S&P 500 Index closed down 2.28%, or 40.7 points, at 1,741.89; and the Nasdaq Composite Index closed down 2.61%, or 106.92 points at 3,996.96.
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Today's stock market news, Feb. 3: U.S. markets slumped on Friday and posted their worst month since May 2012.
The Dow Jones Industrial Average tumbled 4.88% in January. Last week, mixed earnings from retail and tech giants collided with renewed concerns about emerging markets and production declines in China.
With our eye on the Opening Bell, here are five stories to watch this morning.
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Stock market today, Jan. 31: U.S. stocks closed down Friday, wrapping up a rough January and the worst month in trading in over a year as several corporate earnings weighed on the market.
All three major indices closed in the red. The Dow Jones Industrial Average closed down 0.94%, or 150 points, at 15,699 points. The S&P 500 closed down 0.65%, or 11.6 points, at 1,783 points, and the Nasdaq Composite Index fell 0.47%, or 19 points, to close at 4,104 points.
Energy futures closed down today. Light sweet crude oil for March delivery closed $0.74 to settle at $97.49 per barrel. Heating oil for March delivery closed down 1.0% at $3.00 per gallon, and natural gas lost 1.36%, or $0.07, to close at $4.94 per million BTUs.
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Investors who believe in the "Super Bowl Indicator" will be rooting for quarterback Russell Wilson, head coach Pete Carroll, and the rest of the Seattle Seahawks to win Super Bowl XLVIII this Sunday. And not only in hopes of seeing another enthusiastic post-game interview from cornerback Richard Sherman (although that would be a perk).
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