LOL! Of course it is. EVERYTHING is OVER! THE Collapse is here...just look at the charts; you dropped more than in Sep/Oct. 2008 for no apparent reason and people wonder if the Bull run is over?
since you are a "dr" why don't you prescribe yourself some Ritalin. "economic leaders of our nation". Yeah they will save you. I bet you voted for obummer and are a #$%$
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The Market should turn around this week and going forward. The volatility has been absurd, but should abate as earnings take center stage. Let us hope for some solid earnings beats. I am past the point of panic. I survived Fridays sell off by buying puts during Thursdays dead cat bounce. I am nearly neutral with my positions now, so a market sell off, or gap higher on Tuesday won't hurt me. But, the moves that I make after the market opens will determine how I make out.
I believe at this point, that the bears are ready for hibernation. It sure would be nice if the economic leaders of our nation would pay a little attention to what is going on with markets right now. Most retirement plans are made up of mutual fund securities that are tanking. We are in a snails pace recovery and yet wealth effect is getting spanked with market sinking. Housing gains are better, but still weak from historical standpoint. Deflation fears are out there, yet we have a fed that is insistent on raising rates and doing it gradually over years. This punishes those nearing retirement as market volatility will continue as long as fed remains in hawkish mode, that is raising or having the markets fear raising of rates for next several years.
I do not wish for millions of potential retires end up losing there dreams of retiring, their homes, their lifes savings just because Janet Yellen has to prove that she sticks to her word of raising rates. She should focus on what the market is telling her rather than simply staying focused on what she has told us, and insisting on keeping her word. I could care less about her pride, she and the fed need to do what is best for our and the worlds economy. Recall, its a global market now. We cannot make decisions just based on how we are doing as a nation. We must take others into consideration.
If the entire world is in fear of deflation, why would you raise rates just because US is recovering at a snails pace. AND THERE IS NO INFLATION!
Maybe Markets will move higher next week on this news
China's gross domestic product (GDP) totaled more than $10 trillion in 2015 and the economy grew by around 7 percent, with the services sector accounting for half of GDP, Premier Li Keqiang said on Saturday. The premier also said that employment had expanded more than expected with 900 million people making up the country's total workforce, including 150 million skilled professionals.
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