There is rarely a selloff in stocks, and a tiny 5% fall is literally a tiny blip on the chart after stocks have rallied thousands and thousands of percent in the last decade....Over the last decade it has been nothing but gains gains and more gains. Do you have any idea the amount of new traders/investors there are since the financial crisis and collapse of stocks in 2008. Millions of new traders that have never ever witnessed a drop in stocks. All they know is sunny bright skies filled with non stop profits. Little do they know about what a crisis is or what a long drawn out bear market feels like. Hopefully they experience it soon because good times in equities do not last forever.....
I also can't wait to see our presidents tweets about the market tomorrow if down haha wonder if he will throw in some blame on the fed
I think the markets need at least a 10% drop in order for him to blame the fed again...and once he does and the markets sell off more, he will tweet again and the the fed will come to the rescue, they will bow down to wallstreet, cut rates to 1% and issue trillions upon trillions in QE....there is no way ever for the equities to sell off when the entire world is dependent on stocks. Just think how many retirement accounts there are, how many trillions invested, they cant afford to let stocks sink even 12% before they come in to prop markets back up. They will never let 1987 or 2000 or 2008 ever happen again. Just buy the small 4% drop and watch everything blossom to fresh new highs by first week of march!!!
Are you serious with this? Very dangerous way of thinking. Wall Street don’t give a fuck. Anyways, the average correction lasts 18 months so they rely on investors making poor emotional decisions aka buying high and selling low.
Dow futures at one point were -655, now -227 and Naz -178 At the open there will be a wild rush of bulls for the exits. It was bound to happen at some time, how long can it continue to be rigged up.
Fed will save the markets today or trump will tweet some kind of market moving positive statement. This is computer algorithms selling. It will be all green soon...