_____________________
To drive home a point, just because 1120 not he S&P 500 held this morning did not mean it was a permanent hold. We are currently sliding downhill, and this is the action upon which the bears had been looking to pounce. With energy stocks, financials, and industrials leading us lower, not to mention high momentum names like ACOM unraveling, the bulls are up against it here. This is the proverbial now or never situation of them to save the day.
If DC hadn’t handed out golden parachutes and lined the many coteries of “inner circles” with platinum fabriqued purses, then I’d tend to agree.
But as the faces of Fox and CNBC continue down the St. Laurence, edging closer “left”, with the Niagara Falls a storm away, there’s no way they will let the market fall.
New Reg.’s, margins, last minute “agency/admin. authority” will be speed dialed/texted before 1,000 strikes “the last Hopium qtr.” imho.
The “new normal”, being in the minority, is nothing new.
Only diff, I’ve never received “benign benefit” treatment given my class member status.
Chess, you posted a graph of human emotion based on stock market trend. I thought it was a great graph to hang on the wall, but I couldn’t seem to find that post. Can you please post the link?
Thanks.