The market doesn't give a s*** about that. It does what it wants to do. Whatever reason that it gives is just an excuse.
The point is don’t justify or judge the market. It’s always right. That’s the first lesson I learned from Jack Schwager’s “Market Wizards” books. So why the never ending arguments here? Oh, it also says shoot (trade) first and ask questions later.
It's not the first time that American consumers all of sudden realized that inflation is double-digit and the gasoline price is above $1. Double-digit inflation has been around for at least a year now. And it's not the first time that retail giants have reported negative earnings. The American consumers' eyes have been poked blind now. WHY did the market go down yesterday, and at 4%??!! The answer: because it wanted to. Tomorrow it could very likely be an up day or a flat day. What happened to the earnings? Are the Target earnings all of sudden positive? Have the American consumers gotten used to the eye-poking?? No, it's because the market wants to go up or lie flat.
They why are you bitching about retail tanking the markets ... as if that was the reason all by itself. WTF cares what the talking heads say either way. The trend, the trend.
guess we need to accept and take into consideration the fact that anyone literally can go down suddenly