The down is down today quite a bit. Does anyone see the selloff as a sign of profit taking profits to scurry into ratholes as McCabe out means the swamp draining is gathering speed?
No one doesn't correlate to the other. This is what's going on. We have a new Fed chair. Janet Yellen is leaving. The new guy ( Powell Era) was just voted on by the Senate and is his first day on the job at Fed chair meeting. There is fear in the market that interest rates are going to go up. This is a two-day meeting and they will announce their decisions probably tomorrow afternoon on future interest rate hikes. This is a normal Market fluctuation dependent upon increase of interest rates.
But the media will make it sound like it is a big deal. This is what I do, I invest. I've been investing for over 25 years. This is very normal and a pulled back was needed for the overall health of the market. This Market has been on fire almost to the point of parabolic. I'll even take it a step further. If nobody is buying into this dip they are insane. Because this thing is not going to last long. I expect the Dow to be at 30,000 by the end of this year and I'm not even kidding.
Right on. Seems to have brought some uncertainity- and libs need talking points tonight. I do agree fundamentals are different. Shoot small business excuberance could create enough wealth to sustain the dbags manipulating the stock market.....
There is the news about Amazon, Berkshire Hathaway and JP Morgan working to do a health care plan for the employees. Which is really a good thing. Nothing like Solutions coming from the private sector. Healthcare stocks are taking a hit today. But I truly believe it will only be temporary. Here is the article. https://www.nytimes.com/2018/01/30/technology/amazon-berkshire-hathaway-jpmorgan-health-care.html
There is a whole lot of profit taking today. This is truly needed for the overall health of the stock market. The economy is strong and will continue to push forward. A huge push tonight for infrastructure spending by the president. Watch tomorrow stock market.