Pedes, I’m getting the feeling that there is an orchestrated market selloff. Supply chains are of course a problem if there are major disruptions, however, I am not convinced there is enough disruption to cause this much of a selloff. The timing is Very important here. We are at a critical mass before the election. The only thing the Soros types know can hurt re-election chances would be a massive selloff and hold down until after the election. These people have made their money on the run and most are out leaving Joe’s 401k holding the bags.
Comments (5)
sorted by:
While the drop in the Dow doesn't appear to be good (and normally wouldn't be); the fact that it has fallen over 10% and into correction territory is a great thing for the future. Many complaints that came over from the left was that the market seemed too volatile, now the market has consolidated (or nearly consolidated) and in a few months time, we'll be going up by 200+ points per day again. The drop isn't caused by coronavirus, it isn't caused by anyone. It's just that the markets have been rising so quickly its inflated the confidence of most investors; and now they're starting to realize that they could be sitting on a giant bubble. There is no giant bubble, panics are common, one happened in late 2018 and it will keep happening when large influencers in the market grow rapidly. It will stabilize in the coming week; and after consolidating the market will continue to grow. Jobs are still growing at record levels, unemployment is still low, and manufacturing is growing. Don't forget that Stock Indices like the S&P 500 don't mean anything for the average consumer unless there's a recession. And there's not going to be a recession because the stock market and the economy are not the same thing.