If you look at $SPY it seems as if the world is ending this morning, buy what is ACTUALLY happening, Miners getting killed, do we care? Maybe if you own CAT or DE, I don’t. China is “weaker”. they just make up numbers so … I am not interested.
In this market of HFT, ALGOs and instant gratification, predicting the market is flipping a coin, look at last Thursday and Friday. You net them against each other and you get a wash.
I was very happy to see $SPY rally on the close and press 209 in aftermarket hours,
This morning is all about panic in Europe over mining stocks and that China exports fell. MW is bringing back, “Oil is going to $20”, just STFU.
Here in the good ole US, unemployment is down, consumers will spend a lot on Christmas and I promise you , the Sun will continue to rise every morning.
Unless you enjoy mattress investing, this is a mirage, go get a massage.
Enjoy the day
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