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It is crashing for the moment until the panic people sell out. Then smart money moves in. We shall see how low it goes. Our anti-cheap energy government that was voted in isn't helping matters of course as we are coming off a pandemic and they are not allowing cheap energy sources to flow. We are getting what we deserve however.
This might be termed a correction, but not a crash. It's too early to be called a correction; but if it is, its normal happens about every 14 months and a great buying opportunity.
Those who get upset about these things, shouldn't be in the market.
What report? Jobs report is coming out on Friday, and the worse it is, the better for the market, since it will indicate there wont be any more rate hikes.
1.6% drop is pretty far from "crash". Maybe OP the celebration was premature.
Quote:
Originally Posted by Tall Traveler
I don't think Joe's finished crashing the market, he's got more crash in him than what we've seen so far.
Yea, he wants to crash the market because it'll help him win next year.....or.....something like that. What's the official talking point from Breitbart and ZeroHedge?
US Treasury Bonds are up, Stocks go down "Stocks fell as the pressure on them cranked even higher from rising Treasury yields in the bond market. Such weight has been the main reason the stock market has lost roughly 40% of its value since the end of July, after charging higher for much of the year." https://apnews.com/article/stock-mar...201c45e3e4f891
Jobs data* is too good. Therefore stocks must fall. What a messed up system.
"Wall Street's key indexes dropped on Tuesday as Treasury yields extended their multi-year-high rally after hotter-than-expected jobs data fanned fears of interest rates remaining higher for longer, dragging down megacaps." https://www.nasdaq.com/articles/us-s...fter-jobs-data
Last edited by notnamed; 10-03-2023 at 10:44 AM..
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