The nasdaq totally violated the 50 dma with some good volume. The dow is holding up well due to sector rotation. If the market crashes, they eventually take everything down. Right now this is a technology driven crash. A few stocks ( AAPL, MSFT, GOOG ) in technology are masking the true damage. The semi’s held up well and were hit Friday on the Texas Instruments ( TXN ) downgrade. If semi conductors imlode, you will see the naz really get crushed.
Chances of a "crash" ( say 30-40% ) in 2022 are small. Chances of it occurring right now negligible. But if you think otherwise you can play the options market and bet on your ideas. Prices are wonderful for you to try. VIX down, indexes holding up so far, what's stopping you ? Surely you don't think posting all this shit on here moves markets ? Why you need people to agree with you hell take out some loans put it all on red.
The fed minutes last week spoke volumes. They basically said they are now nervous and they seemed to have somewhat of a sense of urgency not because the economy is weak but because they are behind the inflation curve and they dont quite know how to remedy this without crushing the markets.
And two days later you are talking about an inflection point and buying an IT stock. And all the crash guys simmer down after the usual frenzy of overconfident posting we've seen on here a thousand times. The overreactions on here are classic regardless of when or if we get a correction.
What are you talking about?! This is the "feel good" rally hes warning you not to get sucked into!!! When it finally does crash whoever the poster is for that 1,000th call of "THIS IS THE ONE!!" will think they are the next Peter Lynch
I "feel good" about making almost 4% today ( account wide ). I "feel good" that I didn't bail out of a bunch of positions when all the bears were talking up a story on here.
I didn't listen to the jibber jabber but what was the excuse Fed man gave today that had the market all happy?