Just wait until monday if we close weak on the day.... you may get lucky because there is a lot of buy stops above the market at the moment
we're down .95% ...not a big deal the rally will resume baring and really bad news or turn of events anything is possible, but improbable
Funny how you always post here when the market is selling off but you go into hiding when it is rallying
I think your statement was foolish and why not just realize it. Dow was down 600 points almost in one day and closed down 400 still. Ok it did not close at the low but to think its going to rally back like its nothing is bankruptcy talk. I would think you were long a little and doubled down cowboy. I remember the last time this happened 9/11 but I compare this to the bubble pop around 2000 more. I remember Abby from GS even saying this is a buying time. Job market is a joke and the housing market finally seeing a correction. This shit happens fast and I am not going to say we will see a major correction but to think 4% in a day was a buying opportunity is nuts. I wish you the best though.
In the large scheme of things you are correct it is not a big deal. When the correction is finished it will be a great buying opportunity. It is not, however, a great holding opportunity at this time. I love the circular logic in your last sentence.
why do I have this feeling that this market is going to new highs, as you all know im bearish and completely negative on this market, but for some reason I have this feeling that this was the dip that was needed in order to get to fresh highs. I have been writing about a 3%+ pullback for a while and now its finally here. I did quite well with my inverse funds and shorts however what im worried about is selling my shorts and inverse funds tooo early. Is this drop leading to a correction of 10% or more or is this the buying opportunity.
Dude, you looked into Kudlow's eyes, and were hypnotized. You now have images of sugar plums , soft landings and goldilocks skipping through you rmind. When Kudlow comes out swinging on Greenspan because Alan dared mention the "R" word, I know it's a "where there's smoke there's fire" situation. Don't let that pin-striped smoozer Kudlow bamboozle you with goldilocks.