Posted on 02/23/2021 9:11:58 AM PST by Tell It Right
https://www.marketwatch.com/investing/index/spx
If you click on the link, tell it to use the 5-day option, and you'll see the S&P 500 closing in the red every day since the passing of the Great Maha Rushie.
Maybe they’re liquidating his holdings for estate distributions ;)
I should add that stock market stuff by # of days is the days the market is open, not weekends or holidays. So Rush’s death on Feb 17th was 5 market days ago counting today.
Look at Apple, which Rush talked about a lot. It's falling like Hillary trying to walk. LOL
Rush was one of Apples best advertisers
I think Rush did a bang up job of using Apple to teach young listeners the bounties of capitalism.
Market confidence is gone.
Biden is acting like a 1 person wrecking ball for the economy, for people’s personal finances, for America’s safety and economic security. It’s going to be a bumpy ride. We are transitioning into a banana republic and no one has any belief that it will improve any time soon.
bookmark
Meaningless coincidence.
And yes, there are such things as coincidences. Billions of them every day.
It’s the Biden crash.
Market is doing fine. It Dow Jones was 19000 last March from covid fear. It is today 31,400.
Markets never go up without corrections. The Trillions of money gov’t is printing is finding its way into stocks & housing. Where else can it go? 10 year bond is barely paying 1% taxable. That is guaranteed loss after taxes and inflation.
Maybe, but I do remember what Trump said would happen to the market if Biden got elected.
Trump is not a market forecaster. Trump is a superior builder of skyscraper buildings and golf resorts. And the market is down only 3% from recent high. That is not a “crash” in anyone’s definition. Market is holding up remarkably well in spite of Biden’s policies. This is a buy the dip market now.
Maybe or maybe the market is extremely overpriced and a significant correction is in store. I personally think it has been trading very heavy lately, but what the heck do I know?
The market has been turning over since Imposition Day (Jan. 21st).
Tech stocks lead the market and ‘sector rotation’ is causing an aggregate decline in S&P and NASDAQ. Next will come cyclicals and consumer stocks. Last will be commodities.
Confidence is what keeps markets going. Trump’s removal, RobinHood’s malfeasance and Rush’s talent returning to God are the big three for this correction.
But it won’t fall too far because Fed’s liquidity injections.
After trading stocks for 57 years, I can tell you NO ONE knows where the market will be next week, next month or next year. If someone says they know, they are lying.
Of course I know that. I bet they sell into the close again today.
You are right in many ways.
There is nowhere else to put $.
I am fully invested. My expectation is that the market will be more volatile and move sideways more than upward while Biden/Harris are in the mix but I am along for the ride. Sitting out is a guaranty of loss between inflation and loss of return.
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