Most painful pullback since March is here, market researcher Jim Bianco warns

According to Wall Street forecaster James Bianco, the market is likely in the throes of a 10% to 15% downturn.

"We made a lower low on Friday. We've made a lower low today. So, this market is showing weakness after the sell-off — something we haven't seen since March," the Bianco Research president told CNBC's "" on Tuesday. "That's why I think it's a little bit early to maybe jump into the market." Bianco cites questions "frenzy" of speculative activity in the options market, overbought conditions and uncertainty over the fate of a second virus air package as catalysts for the sell-off.

"We're in September. The stimulus seems to be questionable [and] who knows if we're going to get bailouts," he said. "This is an overvalued market that has a lot of excess."

TradingNation BREAKING: President Trump diagnosed with chronic 'Diarrhea of the mouth'. Doctors say it's due to having shit for brains!

TradingNation WHAT happened after that pullback! If you sat n watched (like my brother!) U missed out. We,again,have opportunity to get great companies cheap. Stop panicking!! Add to UR current positions. And see what else had been overbought and now oversold! $TSLA $AAPL $AMZN $MSFT $FB

TradingNation Oh please.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

A 10% to 15% market correction would be healthy right now, long-time bull Ed Yardeni saysYardeni Research’s Edward Yardeni believes a pullback is necessary to keep a worrisome market melt-up in check. TradingNation We need one, or I till continue to fear this market. 15% correction would actually curb fear TradingNation 😶 TradingNation We should wear masks and vote for Trump in 2020 both do more good than harm
Source: CNBC - 🏆 12. / 72 Read more »

Here’s an overlooked way to play the ‘stuck-at-home’ trend in the stock marketWhat stocks should you buy to take advantage of the work-from-home trend? Forget Zoom and tech and think DIY home improvement companies like Home Depot and Lowe's, philipvandoorn writes. $HD $LOW PhilipvanDoorn Eat the rich Cuz they are eating the poor.
Source: MarketWatch - 🏆 3. / 97 Read more »

Jim Cramer on planning for a market rebound from the sell-off: 'Take something off the table''I expect this market to have a near-term bounce, and discipline means you should sell something into that rebound,' the 'Mad Money' host said. hiden is dying. trump 2020. sp 4200 Who is talking on path forward? This is some total bullshit! God why do I even watch this channel.
Source: CNBC - 🏆 12. / 72 Read more »