After experiencing strong gains for several months, U.S. stocks are poised to close down for the second straight week. Here are seven reasons why the U.S. stock market so volatile.
1. Fear Factor -- Fear typically drives much of the selling on the stock market, mainly fear of more substantial losses to come.
2. Economic Worries -- The markets are often slaves to economic data, which has been on the upswing in recent months, but one bad report can send stocks plummeting.
3. Europe Uncertainty -- A looming euro zone debt crisis weighed on markets for years, and the worst may not yet be over.
4. Lack Of Political Leadership -- Stocks have largely shrugged off the political gridlock that lead to the forced budget cuts of the sequestration, but the inability of political leaders to come together has weighed on the markets before and likely will again.
5. China's Economy -- U.S. stocks rise and fall with the ups and downs in China's economy at the moment.
6. Computer Trades Are Destabilizing -- With nearly 70 percent of stock trades now executed by so-called high-frequency traders that use super-smart and super-fast computers, the market's sharp moves are amplified.
7. Forced Selling -- Many hedge funds and other big investors that used borrowed money to boost returns are now being forced to sell assets to raise money to meet margin calls.
Click here to learn about 13 surprising stock market indicators.
It was a summer slam in Santa Barbara from what was once Hurricane Marie. Now it has been downgraded to a Tropical Storm, but the force coming in from the Pacific Ocean has roughed up some of our coastline.
A catalytic converter in a passing vehicle is suspected to be the cause of a brush fire that broke out Wednesday afternoon on the Harris Grade, near Lompoc. Firefighters were able to limit the blaze to less than 20 acres.
A Hurricane making its way through the Pacific Ocean is expected to bring high surf and strong currents to Ventura County south and southeast-facing beaches this week. Rescuers are urging the public to be cautious while entering the water, but surfers are enjoying the bigger sets.