S&P500 market down another 1.75% overnight and futures tracking toward the red now too (just). +3.5-4% BBUS seems about right?
Not that it matters. A few consecutive days of green would be nice but for the non-day traders (like myself) this is a hold for at least the next few months. The tide is shifting! Just need to listen to the big boys and there is a clear shift in the messaging. The market IS overpriced. It is NOT sustainable. This WILL take a long time. And Trump, who has pitched the success of his entire Presidency to the performance of the stock market as an indicator of 'economic performance' is starting to quiver. I think I just saw his dummy fly across the room:
I am happy to be backed in my thinking by the "rich guys" if, as he says, they are able to influence the market (more than the $Tns invested by the US Gov?!).
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