The market is nuts. Last week it had a huge rally based on essentially nothing. Europe mads some vague promises to fix it’s problem. It ain’t getting fixed.
With the destroyer in chief at the helm I'm surprised Wall Street even still exists.
Oh wait, he supports the groups trying to destroy it too!
When you have a “presentdent” and government that supports the destruction of the FREE MARKET and Marxism......
We may test the 10,500 lows...who knows?
But we'll be back up to higher levels before too long.
Big picture is Obama's continued failing means investors are getting in before the Repubs take the reins.
I’m still up over 11% for the year. Thank God IBM has been kicking butt.
LOL! Contemporary opinions about the markets fill my days with laughter. “Flight to safety” in the US dollar! Avoid “risk” in currencies of commodities net exporters! China’s been collapsing for over four years! LOL! It won’t be so funny, though, for the investors fleeced in the final play. It’s all going to be about resources.
The market has been seesawing for at least two years, on fumes (anything capable of sending out some smoke signals), while total fundamentals of the economy overall, in spite of SOME tepid growth, remain unchanged.
Nearly all the volume and volatility has come from many simply repositioning (back and forth) depending on the hyper-ventilated smoke of the week.
Obama speech today?