Stocks enter the bear’s lair


Six stats to get you going this morning

1. The Dow closed lower for its 6th straight red day. The index is now down over 2,000 points from its recent all time high.

2. The S&P 500 closed below its 50-day moving average Monday for the first time since last November, ending the 10th longest streak since 1950.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.