TOM LEE: History is pointing to a 5% drop in the market over the next month

Several indicators of the stock market's momentum are showing immediate danger ahead. Fundstrat's Tom Lee is warning of "a move of about a ~4%-5% decline in the next month towards 2,300 or so." "The constellation of evidence is growing supporting such a drawdown," Lee wrote in a note Friday. One piece of evidence is the percentage of stocks on the New York Stock Exchange trading below their 200-day moving average, indicating their trending direction has turned downward. Bloomberg has an index th...