This is much more likely a correction to bring stock prices more in line with fundamentals.
What fundamentals were lacking before the corrections of the last couple of days?
t seems we've reached the point where a 1,100-point drop in market value is seen as a cause for joy and ridicule because it allows some of us to lord it over the others.
Only because one side has been using this indicator to claim the incompetence of the other for so long (see attached). Despite evidence to the contrary. One side has been touting how great things are with this as an example. They are strangely silent or as is their custom, blaming someone else who has been out of office for a year.
At least the sell off has slowed down today. So far.
I'm reading the fear now is inflation. Which will cause interest rates to go up. Which causes its own problems.
Last edited by Wabash
on Tue Feb 06, 2018 9:27 am, edited 1 time in total.
They told me if I voted for Hillary Clinton the president would be emotional, impulsive, and unpredictable. They were right. I voted for Hillary Clinton and got a president that is emotional, impulsive, and unpredictable.
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