Is Bad Economic News Finally Weighing on Stocks? – Ep. 64

* Near 300 point drop in the Dow

* NASDAQ down 118

* S&P down 30 points

* $1.50 gain in oil and oil stocks up

* No significant economic news that would trigger this move

* Dollar was not down much lower on day

* The 110 level is holding back the euro

* Expectations that the euro will roll over on higher U.S. interest rates kept the dollar up

* A weak stock market is bad for the dollar and good for gold because the Fed is likely to not raise interest rates or launch QE4

* The only way the Fed can prevent a correction from turning into a bear market is by launching QE4

* The Fed has built this "recovery" on asset bubbles

* Launching QE3 guarantees QE4

* The only thing that will stop perpetual stimulus is a currency crisis

* Durable Goods Orders were estimated at .7% gain

* Actual number came in at a 1.4% decline

* Five consecutive monthly declines in Durable Goods X Transportation

* The last time that happened was during the months surrounding the 2008 financial crisis

* The U.S. economy today is the weakest it has been since the depth of the 2008 financial crisis

* The final revisions to Q4 GDP due on Friday are estimated to go down

* There's a good chance the number will be lower than 2%

* Pundits are making excuses, saying that the "First quarter

s always weak" or "It's the weather"

* They don't want to come to terms with reality


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