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There's a correction on the horizon for sure. It is beginning to feel a little 2007-y. Sadly, not knowing when the correction will happen, there's not much one can do. Well, got the mortgage locked in at low rate, at least.
Still waiting for the fat man to say something about the largest point decrease in the HISTORY of the stock market!
Perhaps you have something to say that explains this since your boy is apparently on mute - I'm waiting?
ok and.... this little drop is a good thing
Dow fell by 1,175 points Monday, which represents a quite large 4.6 percent decline. But while it was the biggest single-day point decline, there were steeper percentage declines on several occasions during the global financial crisis and its aftermath, not to mention the 508- point drop in the Dow in 1987 that represented a 22.6 percent market crash.
liberals have been saying for months that the stockmarket does not reflect the economy.....this may be bad news for some stock investors, but it seems to be driven in part by good news for workers..... for the first time in a long while, it appears that worker wages are finally beginning to lift, with average hourly earnings rising to $26.74 in January — a 2.9% increase over the past year.....This represents the fastest rate of wage growth in nearly nine years, since the end of the Great Recession.
another point...the labor force participation rate —starting to increase ever so slightly..... could be a sign that all of the workers available, or close to it, are now working............ if that’s the case, companies seeking to employ new workers may have to shell out even higher wages to attract talent, potentially pushing inflation up even higher.......That, in turn, could mean that corporate profit margins are about to be pinched.....pushing inflation.....and Wall Street is worried about what the Federal Reserve might do in response. Early indications from the Atlanta Federal Reserve are that the U.S. economy could grow by more than 5% in the first quarter, which could ignite inflation and require the Fed to get more aggressive with its monetary tightening
a fast 5000 point increase followed by a 2000 point correction is nothing to be worried about
ride the wave baby, this rollercoaster is fun....btw invest on the low
Now that I think of it, I think it's absurd that the Dow is where it's at to begin with. In fact it's been out of step with where the economy is actually at since some point in Obama's first term. I would say realistically it currently belongs somewhere between 15,000 and 20,000. It shouldn't have started breaking records again until around late 2015 at the earliest.
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