The jobs number is easy to explain, and is not such a bad number due to transitory factors in March. The April jobs number is likely to be huge now. This negativity is a knee jerk reaction that will be bought because it's becoming clearer there will be no interest rate hike this year.
The market loves to panic and talking heads love to pile on. Don't fall for it.
I will proceed with buying any meaningful dip on the misplaced panic.
I use the CNBC app. I also use it to create a watch list of stock for realtime pps updates. It's also good for financial news.
Lillydodie...first, we can check the futures just like you can. Second, don't worry. Third, the market will be up this week, and maybe even tomorrow. Good luck!!
You're welcome, cheetah. Go Big Ten. Go Wisconsin. Duke will be tough to beat, obviously. But, this Wisconsin team plays nearly perfect basketball every game. And, it helps to have a couple first round NBA draft picks on your team. 😀
ALL the analysis before the job number came out said 300,000 added jobs would sink the market, and less than that would be bullish because the rate hike would get pushed out. 126,000 was the number (shocked the bearish crowd) meaning the rate hike will get pushed out, and STILL they say the market will sink? What am I missing? Nothing. These are the same chicken little's claiming the sky is falling again...good jobs number, market down...bad jobs number, market down. Same crazy doomer gloomer chatter. Market goes up.
Or, sideways, which describes what we are seeing now. The action we are seeing right now has happened repeatedly the past year-plus at various PPS levels. This sideways move is far more healthy long term than a continuation of the parabolic move up.
Enjoy the breather, buy the basing action, and reap the benefits over the next several months and years.
Exactly! 7-year rule? If you believe that, then don't step on a crack and break your mother's back, for crying out loud. There some head-shaking theories out there. If you're not careful, they will cost you a lot of money.
No doubt, DS. There are markets to be aggressively undiversified and markets to ratchet down the risk. With Swks in this market, I believe the time is still right to have all,eggs in one basket.
I'm from the Mark Cuban school of investing, and believe diversification is for "idiots". His word, not mine. But I invest with little or no diversification. I have been undiversified for a couple decades, and I'm doing fine. I am fully aware of the pros and cons. Thanks for looking out for me, though. 😊. You sound like an advisor from Ameritrade or something...under-the-mattress investing, IMO.