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The individual investors sold last week and Monday, the traders come in day after Christmas (when all individual investors are sitting around at home) and buy up everything for rock bottom prices. I feel for people that panic sold past week
you know the deal , every downturn the thinking is always the same " this time is different "
those have always been the most expensive words in the english language
I was pretty sure there would be a bounce after Monday but I wasn't expecting 1000 points.
Maybe we hit bottom on Monday. Macro-economically we are not in any real trouble yet. However, I don't think we will be getting back to 27k in the short term.
The individual investors sold last week and Monday, the traders come in day after Christmas (when all individual investors are sitting around at home) and buy up everything for rock bottom prices. I feel for people that panic sold past week
Was it the Surge Protection Team at work? The massive rally has not really changed anything.
yeah we know , it flies in the face of your predictions of doom and depression
The FED spent trillions to keep markets from falling. Can that go on for ever? Or do we have to return to reality?
Do you really believe the debt-driven Bull Market can go on forever with low interest rates if we just pretend everything is ok?
The individual investors sold last week and Monday, the traders come in day after Christmas (when all individual investors are sitting around at home) and buy up everything for rock bottom prices. I feel for people that panic sold past week
Agree. I'm not surprised at yesterday's jump, after all of those bad days in a row. I did sell one stock in the panic - I unloaded Raytheon at a loss (but all of the defense stocks are down, maybe due to Trump's recent middle east policies). I hung onto everything else.
I said a few weeks ago in my AT&T thread, that I believe wall street is laughing at the small investors who are unloading AT&T at these currently depressed prices.
But this is still a time for caution. Load up on your utilities, your AT&T's and Verizons, your Coca Colas and companies like that. We might be up 500 today or we might drop 500. Buckle up and enjoy the ride. And don't gamble with the mortgage money....LOL
I was pretty sure there would be a bounce after Monday but I wasn't expecting 1000 points.
Maybe we hit bottom on Monday. Macro-economically we are not in any real trouble yet. However, I don't think we will be getting back to 27k in the short term.
Dow futures pre-market showing down over 300 pts about 630AM 12.27.18
Guess since oversold markets got relief with that 1K swing yesterday the selling can recommence
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