“Dow futures are currently down 240.”
I am heavily invested in stocks, and have been for years. I don’t bother trying to anticipate the downs and ups. They just happen. I’m not being naive, and I know generally what the risks are in all investments. That said, the fundamentals (which should guide stock decisions) don’t change on a day to day basis (with rare and extreme exceptions). So, the volatility you see is driven in part by those traders wanting to use ‘movement’ in the market to make a profit - either by investing or by shorting.
My point is that for the Dow futures to be down 240, just on the basis of a Trump comment, is ridiculous. The market doesn’t really track reality. It’s a great big card game.
I hear you - I was just pointing out that today the market is down on ‘trade fears’, but tomorrow the market is up due to a ‘trade relief rally’.
When I said earlier something like: “I’ve been to this rodeo before”, I meant that the drop is nothing to be concerned about.
Still, some of us do (try to) play the volatility in the market, so long-term prospects and/or fundamentals don’t mean all that much.