January 2016

// January 7th, 2016 // Daily News

Saut: How long the stock selling stampede may last

CNBC.com

The stock market looks like it’s in a “free fall,” Raymond James strategist Jeffrey Saut said Thursday as global stock markets were sinking after a second circuit-breaker trading suspension in Chinese equities this week.
“I wish I could have predicted it. But as you know I was calling for a Santa Claus rally and a pretty strong end to [2015],” Saut said on CNBC, referring to his Dec. 15 call on “Squawk Box” for a “rip your face off-type rally.” He had accurately predicted the August bottom days before it happened.
On Thursday, Saut blamed a “cacophony of exogenous events” for derailing the traditional year-end rally and leading to the worst start to a new year on Wall Street since 2008.
It all began with “the $1.2 trillion options and futures expiration” on quadruple-witching Friday on Dec. 18, Saut said. “That upset the rhythm of the rally. But we gathered our strength and came back the next week. And then you’ve been hit by this potential war between Saudi Arabia and Iran, the Chinese slowdown, and the ‘H-bomb’ of North Korea.”
“The markets look like they’re in a free fall right here,” he said. “It feels like we’re in one of those selling stampedes, and they typically last 17 to 25 sessions. And this would be only session six. I would be more cautious here.”
Just days after Saut’s August call on CNBC, the Dow Jones industrial average, the S&P 500 index, and the Nasdaq composite index hit their closing lows of 2015.
Saut said he made that summer swoon prediction based on a proprietary market timing model, which also signaled a top in late October. That also turned out to be correct within days.

Today’s Inspiration

Be Friendly

by Joyce Meyer – posted January 07, 2016

Practice hospitality to one another (those of the household of faith). [Be hospitable, be a lover of strangers, with brotherly affection for the unknown guests, the foreigners, the poor, and all others who come your way who are of Christ’s body.]…
—1 Peter 4:9

I encourage you to show love for others by simply being friendly. Some people go through life with a lot on their minds—and they can appear to be rather unfriendly, intense, or even rude. I know; I’m one of those people, and maybe you are too. You aren’t unfriendly; you’re simply focused on other things and not always mindful to smile and greet peo¬ple when you see them.

Relationships—casual ones, intimate ones, and all the ones in between—are a large part of life. In fact, the Bible is a book about relation¬ships: our relationships with God, with ourselves, and with others. As I’ve studied the Bible, one of the lessons I’ve learned is to take the time to smile at people, ask how they are, and find something friendly to say to them.

If we’re too busy to be friendly, then we are out of balance and headed for relational disaster. But being appropriately warm and open toward others can put people at ease and is often the first step toward a good relationship.

It’s easy to wonder how we will feel if we smile at people and they don’t smile back; we don’t want to be rejected or ignored. Most of us spend more time in life trying to avoid rejection than we do trying to develop good, healthy relationships. When this happens, we are missing the opportunity to touch people with the love of God through a smile or friendly word. When we give our smiles or a happy hello, we can make someone else smile, and that is one of the best gifts we can give.

Love Others Today: “Lord, please help me be kind and friendly to everyone I meet as a way of showing Your love to them.”

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