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I can't think of one reason why the Dow should be 1 point above 10,000! A 5-6-7,000 correction is long, long overdue!
I recall in the early 1980's, people were wondering, with the stock market stuck around 600, if the Dow would ever break the 1,000 level.
Even Alan Greenspan, the great economist, could never even figure out stock market swings. He saw no reason whatsoever for the 500 point fall in 1987, and he was equally puzzled, in the late 90's why the market didn't crash.
Not so sure about that, we'll see. The Fed was going to raise the rates so not raising them is a confidence move type of a thing. China has slowed down but it has not ground to a halt neither is it going down or backwards, just slowed down. There will be a correction for sure but it's not like the markets in the last two years have been "realistic", more like overly optimistic. A correction can be a good thing and does not necessarily mean a downward spiral.
You may not be paying any attention to the people on the stock market floor on Wall street and the commodities exchange people in Chicago. The talking head pundits on the financial shows are all saying the same things that I'm reading in these posts but when they go to the guys that or on the floor they immediately correct them and say that this is not a normal correction and that what's going on now has never happened before. Its not like 2008 or 2001.
Time will tell what this is.
The pundits this morning were talking about how happy they were to see a +500 Dow futures on the board before the markets open. When they went to the guy on the Wall Street exchange floor before the open he said that it's a fool's rally and will close in the negative and it did -200. No one believed him until the last 15 mins.
You may not be paying any attention to the people on the stock market floor on Wall street and the commodities exchange people in Chicago. The talking head pundits on the financial shows are all saying the same things that I'm reading in these posts but when they go to the guys that or on the floor they immediately correct them and say that this is not a normal correction and that what's going on now has never happened before. Its not like 2008 or 2001.
Time will tell what this is.
The pundits this morning were talking about how happy they were to see a +500 Dow futures on the board before the markets open. When they went to the guy on the Wall Street exchange floor before the open he said that it's a fool's rally and will close in the negative and it did -200. No one believed him until the last 15 mins.
Hey look, I don't have a crystal ball ☺. Hope for the best, prep for the worst...
When they went to the guy on the Wall Street exchange floor before the open he said that it's a fool's rally and will close in the negative and it did -200. No one believed him until the last 15 mins.
I'm beginning to get the impression that whatever somebody thought would happen in Sept-Oct of this year, is happening now. Time is running out to get prepared for it. This winter may prove to be difficult for many people to get through.
Free fall in the stock market. The SHTF could be starting today so get ready.....good luck and stay safe.
mmmmmm I luv the smell of FEAR
Crises come and go. Life goes on. The Zombie Apocalypse has been predicted pretty much every day for my entire life... and somehow it just never quite happens.
At what point do ya'll consider that perhaps Society As We Know It isn't gonna collapse in our lifetimes?
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