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Long bond over 3.0 VIX over 17!
Over due correction - will likely open lower on Monday but will come back by the end of the day on buying. Great time to pick up some deals as market refreshes. |
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God bless Trump! I jut got a $3000 a year tax saving on my take home pay too Jan 1st too
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Investing for the long run but listening to market news everyday is like a man walking up a big hill with a yo-yo and keeping his eyes fixed on the yo-yo instead of the hill.
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Just a reminder do not turn this into a political discussion. The market will have many correction and ups and downs. The last 9 years have been very fruitful for investors in the market. Looking at the daily variances is not a good indicator.
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10 Year pushed 2.8, market scared the FED will raise interest rates too quickly. Monday will start down, will likely close in modest territory by the end of the day. % wise this isn't even close to 1987's 22.67% although the 508 point drop has been compared endlessly by the mindless talking heads in the bright box on the wall. This too shall pass.
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Today was a little scary - lots of profit taking. Down between 6 & 7% in 2 days is a little disturbing.
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Opening lower, world markets lower (Asia 3-5%, Euro markets 2-3%), should find the bottom today.
Sell-off has been largely machine trading Average for market resets that exceed 5% is 12% Market ALWAYS tests a new Fed Chairman Wages year over year up 2.9% on Friday sparked the inflation fears Market has already priced in 2 Fed increases for the year, 1 or 2 more likely VIX at 49.21 - not good, but XIV (the inverse) went from 99 to 15 in after hours which is a very good sign. Futures are all over the place, down almost 700 one minute 400 the next. Please put your seats in the upright position and fasten your seat belts, this will be a bumpy landing but a GREAT opportunity to buy into certain stocks at a huge discount! |
10 minutes into the day, Dow opened over 500 down, now down 50 with swings to 80/100 down.
NASDAQ up, heat map is going green. |
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