Quote:
Originally Posted by ColoGuy
Concerning factors:
1) The market is somewhat due for a significant correction.
2) It is October which always frightens me a bit. It frightens everybody who knows the history of stock market Octobers.
3) Tariffs were guaranteed to be a bitter pill. Whether it is the right medicine remains to be seen.
4) "Half the country" badly wants the economy and market to do very badly in order to pick up some November votes. Like this guy.
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I agree, and Bill Maher is such an arsewhole. (I used to like him before he became so political, so nasty and hateful.) That's what disgusts me too, people who believe in their party and put it ahead of America. That's just selfish and un-American.
Quote:
Originally Posted by k374
Futures are up 140 points, i'm skeptical too but we'll see.
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You know every time you say something reality may bite you in your arse.
I was watching AMZN's after market trading and it's (by my visual estimate) right at yesterday's close, up 2%, the same 2% that AMZN lost today.
It gives me hope that Friday may be a sideways day. Today AMZN opened and closed at nearly the same price, it clearly didn't tank.
Putting today's sideways and the after market trades together gives me hope that tomorrow the blood will be only deep enough to leave bloody footprints, rather than overflowing the curb.
One swallow does not a summer make, but I'm hoping that the bulls and bears are now fighting in the street and maybe if we're lucky it'll be an even match the next few days.
However I'm going with the general consensus here in CD-I that this October is going to be rough month. At least we are now 1/3 through it. Unfortunately I see great peril in the mid-term elections and the unrest they are likely to cause. I think that's going to be a confounding factor that will drag us into mid-November until the election results play out. I just know there's going to be mobs and rioting around the election. Our party rivalry is doing great harm to America, and to our economy and stock market too.
I guess it's the flip side of the election that caused the market to take a decisive turn towards the better. 2016 to now must be one of the best stock markets ever. (IDK)
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