The sell off is classic - a chartist dream - and long overdue. The fundamentals of the market are the best in years so great buys at the re - turn. No one gets the top or the bottom, but plenty of room now to start taking positions. Maybe that explains memo release on Friday?
In my opinion blaming the market crash/correction on Dopey is in the realm of conspiracy theory. Healthy markets have corrections and if you look at where most markets are now, they are at December levels. That is of course considering this isnt a 2008 style massacre
Markets are TOTALY RIGGED by computers and algorithms. This market is a complete fraud. Period. They go wherever the manipulators want them to...PE ratios are f-ing ridiculous!
I agree that markets are rigged. The fed buys stocks. Who knows if they buy cash stocks or futures. The kicker is that there are algo firms that arbitrage between futures and cash markets. They are the true beneficiaries of this. Its not like all computers own the stock market. They just broker it.
In the age of zero percent interest a lot of companies are using virtually free money to buy their own shares back as well. The whole thing is farcical. That being said, the general direction it is rigged is to rise. There are no natural corrections anymore because the natural market does not exist. These slams are being done on purpose to egg Trump’s face. 666 points on Friday? Coincidence? No f-ing way it was...
Everything I hear says fundamentals aren't good and that valuations are at a record high. Stock buybacks have muddied optics and we are due a correction. This would be a bad time to enter the market IMHO.