Clinton and all. I will adress your 2 posts as well as I can. I had put on a post to someone last night that the Fidelity Fund had gotten quite a few redemption calls just before the market closed, which in turn will probably take the market down further. Other funds might have the same trouble. Things like that tend to feed on each other. I have listened very carefully yesterday to all the comments from analyst's, economist's etc. There is not one thing in particular they can put their fingers on. The Bundesbank maybe raising interest rates, the dollar falling, earnings slowing etc. The bondmarket, who knows. There is still some kind of fear supposedly about an interest rate hike, if not this time, then in Sept. All those rumors are in the minority. I don't know if you have ever noticed, the minority can yell the loudest. You have missed nothing about inflation down the road. Of course, there is always the threat of inflation down the road, but it does not apply at this moment. You walk out your front door, you could get killed. Are you therefore never going out again? You can't live your life on what could happen, some of those analyst's think that way evidently in the market. I still think it's shuffling money around, some people trying to instill fear into the market in order to drive it down for their own gains. Investors are frightened real quick when they think they might lose some of their money. You can't blame them with all this crap going on. The market was a little high. So what, it could have just stalled a little, it does not mean that there had to be a sell off. But the fear mongers won out again. The economic numbers were good, that's what should matter. Yes, everything could be, might be, the point is, it is not yet. Us little investors will not change this though. Gold was down again, should that pick up a lot, I might get worried about inflation. When investors go into dead money, I will have to think.ggg.
The consensus now is that it will go down some more. I don't even want to mention the number, but once the Fed meeting is over it will pick up again. That's the consensus, what happens, ia another story. But whatever, I don't think it will do too bad. The market will be higher than what it is now evtl. I don't do options. I don't like to be that pressured , margin is bad enough, but it costs me only interest. I can just hold on and let things blow over, maybe sell a couple non producing stocks in order not to be called for money. But I am hangin on at this point, I always have. Now if we would head into a bear market, that's a different thing entirely, but IMO it's definitely not looking like this right now. If you have a little time, most of my posts from yesterday adress this subject.
I will research a little more today and put on tomorrow what I find out. I am sure more of us will. Wall Street Week was optimistic. Martin Zweig calls for an up turn next week. That is a good sign. He is always worried.
Sonny |
