"let the market fallover so their friends on Wall Street can buy up low from everyone panicking about an interest rate rise"
Here's the trouble with bulls. You (bulls in general, not talking about you specifically. Seems to be many on xjo thread) always think it's right, moral, correct to buy buy buy up to any level. But if anyone sells, it's a conspiracy. Sellers are evil. Shorters are evil. Speculating on a rise benefits mankind, but speculating on a fall is immoral. You want the market to go up forever. Why? Because it's easy. The majority of you lack the skill of timing the market. Any idiot can throw a dart, pick a stock, then watch as all boats go up in a rising tide. Then boast how smart you are because you made money.
Also, you try to use the same reasons twice. Interest rates for example. "They are going to drop, buy buy buy." "Rates are low, buy buy buy."
But then the opposite happens, it's still somehow buy buy buy. Using the same logic, it should be "they are going to drop, sell sell sell". "Rates are higher, sell sell sell."
"Dow Futs are up, buy buy buy"
"Dow closed up, buy buy buy"
Just accept it. This bubble happened because rates dropped and stayed low. Stop inflating the bubble and it deflates. Simple. End of story. It's now a bear market and that's not going to change. Smart money sold months ago. The less smart have been selling the past few weeks. What's left is barely smart people in denial. The dumbest (and we are clearly not there yet) wait until the bottom, then sell.
I'm not saying this to insult, I'm genuinely concerned for those in denial, or preaching denial.
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