Admit it, you bought high last week and sold low today.
PPT is always watching. Not going to let the market go off the rail in the first week, so that the economy nosedives the rest of the year.
Bad omen. Technicals rolled over in the last tent minutes, where momentum had turned negative. Hence the quick plunge. The setup for next week is negative.
Just a buying opportunity on the dip. Positive setup with positive momentum 10 day and neutral 20 day. Winter is on it's way. The pull-back in WTI just a hiccup today.
First rate hike in eight years into slowing cycle with junk bonks rolling over and we're up? Absolutely makes no sense.
We should be down 200 by the close. No more fix for the addict.
See, this is exactly what's wrong with U.S. capitalism, that companies view themselves not as organizations to benefit society by providing jobs to people, but only as profit entities. This is not how it is in Germany or Holland, yet those countries thrive, whereas the U.S. is going down the toilet because of how U.S. companies have turned their backs on American workers and because of the influx of skill-less immigrants, who offer nothing to society, but only take.
Apple should be the most hated company for its outsourcing. Steve Jobs was a greedy parasite to setup all the manufacturing in China, thumbing his nose at American workers. Had he cared about the American worker, he would have died beloved rather than the ego-maniacal scoundrel he was.
Until now, earnings have largely held up. Now that picture is crumbling because of stronger dollar and higher input costs. No cost savings left to be had after companies streamlining since 08. Blaming the weather and currency only works for so long.
The nail on the coffin of the this market is the outflows. No amount of intervention is going to forestall a sell-off, if everyone is pulling out.
Facebook doesn't do anything. None of it is real. The whole business is based on purposeless activity and so is the stock price. It's a company for fools.