Bittersweet. On one hand, I LOVE watching the crash under Obola. On the other hand, I’m watching my 401k drop, too.
This afternoon will be interesting.
The institutional buyers (e.g., brokerages, big banks) usually do the bulk of their trading after lunch, and frequently after 3:00 PM; but they had to step-in early this morning and do a lot of buying to save Obama’s bacon.
Markets are down, but somewhat stable, right now. Wonder how much dough the Big Boys have left for the rest of the day.
Plunge team overslept a bit, eh?
It's closer, but we're a ways off, is my guess. The bounces of last week and this week will continue for some time, gradually getting more extreme. The Feds are going to shovel out some more bogus economic numbers to combat this.
What the heck to I know, anyway? I stayed out of the market during the big run up because I was sure it would never last this long. Crapped up my retirement income by doing so.
But things are going to get a lot more unstable as time passes. When not if.
In this case, poverty has its benefits.
But, but, but...why wasn’t sending troops to fight Ebola enough to restore confidence in the markets and prevent an economic hit at the polls in 2 weeks?
/s
This presents some good buying opportunities for smart investors.
Buy the dip. Fundamentals don’t support. Some good deals out there right now.
The only reason why the stock market was up in the first place was due to QE.
Now that its obvious that the Fed have removed the monetary heroin, the addict is going to flail around.
Yellen will put the needle back in when the DOW has gone down about 30%.
As Peter Schiff wisely said when QE1 started - there will be more QE’s than Rocky movies. And - just like the Rocky movies - they will get worse as they go along.
We need a 20 point correction. I have so much cash in my savings account just waiting for the fall. It needs to happen and must happen. I still participate in IRA, 401K and a monthly amount to mutual funds but we are paying way more than we need to be for these shares right now.
We might be looking at another "Black Monday" next week.
The Plunge Protection Team is working overtime today!
So, it's up 400 points?