Hurd on the Street, September 2015
The concerns we noted in our August article regarding the quality of the new high that was notched on July 17th came to fruition in mid-August, with the NASDAQ Composite falling 18% in straight six sessions. While there are a multitude of things used blame the decline on, including the weakening of the Chinese economy and stock market, the exit of Greece from the Eurozone, and the continuous chatter of the Federal Reserve raising interest rates, the reality is that the real r