Bitcoin spiked also.
I’m betting big on a spike in Dutch Tulip Bulbs. They did it once before, they can do it again.
“Bitcoin spiked also.”
I saw that as well. I suspect the volatile market that is soon to come is going to make some people a lot of money. And, there are going to be people losing their shirts (along with everything else).
The economic “experts” and politicians in the Biden administration has been telling people that everything is rosy for so long (best economy ever!) that some are going to be surprised when that is suddenly not the case.
The “Robinhood” investors have never seen a long-term down market. The Nasdaq (techs) has been going up for so long they expect it to continue to do so. Of course, we could have a “melt-up” with investors jumping into buying stocks based upon investor sentiment and government lies rather than actual improvements in the economy. However, given the fundamentals, I’m thinking that is not going to be the case.
The final trading month of the year is going to be interesting to watch.