flush out we did a nose dive.
So dont be happy yet.
One more thing, and it's important.
The market is NOT free anymore.
There are powers at work to buoy the indexes.
Proof of it is happening right now!
The indexes are All in lock step--12:00 PM att are within 1 1/10th of 1% of each other.
This is NOT a healthy way for markets to be led.
They are NEVER in this kind of lockstep!!!!!
I think you are missing the point.
This is a supermarket of stocks.
And some stocks are great bargains, yes.
But the market has a structure, a building around it.
And that building may be collapsing.
So all the bargains will be disbursed to those who can buy them when the firemen are cleaning up.
You may get it at a 5% discount or possibly a 50% discount when it's over.
If there is a liquidity problem, it'll be closer to the 50% discount.
Eventually, it will be re-built, but that may take more time than you have.
Therein lies the fear.
are in big trouble!
definition. All prior definitions of corrections will be out the window.
This is NOT yet a healthy market.
Monday was only a taste.
I hope you have good happy pills, with what's about to happen.
I was not trying to get anyone to sell. Holding through thick and thin is a choice and eventually should be ok.
I was posting against the buffoons who like to sound smarter than everyone and making it sound like all this isa grand opportunity. It ain't.
That is the truth.
We are in unchartered waters now. This late day swoon has people VERY worried.
The only thing that may save the markets is what we free market people despise......the PPT/Govt intervention will kick in and try to stabilize the indexes. They will try to coordinate with other Central Banks.
This could get very ugly.