The only worrying newsworthy aspect of the Dow’s sell-off on Friday was the 205 points it gave up, but that was only a 1.5% slump, which still left the index up 0.1% for the week. Meanwhile, the S&P 500 shed 24.15 points or 1.7%, but it was up 0.3% for the week and 14% for the year.
So, let’s keep all of this in perspective and let me give you a little more to comprehend what's likely to happen over the next few weeks or even months.
A good sign
Before the worrying stuff, I did note that the materials sector – that’s mining stocks and the like – did finish up for the week and this could be a positive sign for the future, especially given the preoccupation at present is excessively with company results that hark back to the September quarter.