Dow is +70, Nasdaq +50, but everything is down. How is that so? Because the indices are flawed, over-weighted by a few stocks. Let me show you what the market is really doing today — via my Stocklabs custom indices.
Pennies -1.1%
Small Cap -0.6%
Mega Caps -0.2%
Tera Caps -0.1%
I am down, as it happens, 0.4% now, which only extends my recent squall that I most heinously find myself in. I no longer possess the gumption to day trade. My swing trades have been stifled. What’s next — lower stock prices?
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The only lie was that the world was ending in March. That lie hurt a lot of people and became a knockout blow for many who will look at the world through distorted lenses for the rest of their financial lives.
Talk about hubris. You are on life support son. You aren’t really alive.