Archive for January, 2016

Here’s Why the Dow Is Due for a 1,000-Point Drop

1 | By Wall Street Insights and Indictments Staff

Shah checked in with Varney & Co. this morning to offer some more context on his tweet yesterday that we could see a 1,000-point drop in the Dow if the index couldn’t sustain the bounce off 17,000 following Monday’s losses.

The drop could happen any day – and very quickly if market nervousness turns into market panic.

He also talks about why gold isn’t acting right, whether or gold is the safety net it used to be, whether or not he’d take a flier on gold or gold mining stocks, and where he’d rather put his money if the markets continue to decline.