originally posted by: The angel of light
a reply to: CoramDeo
Excuse me but the great majority of the stocks analysts can Not be all wrong, the month that just have ended was the very worst one in the market in
the last decade.
The behavior reveal incredible nervousisms in the investors, a lot of uncertainty is felt at all levels.
You can say what ever want to try to make up that but I trust the people that have monitored the Dow for years and wall street journal or New York
times publish periodically.
The Angel of Lightness
You have two things at play here.
First, October and November are historically, almost with absolute certainly, the worst months for the stock market.
Second, with an elelction year and the possibility of chance in one or both chambers of congress, the market is always going to pull back. The big
boys plaing the game are hedging their bets, moving money from one investment class to the next depending on how they read the tea leaves. So yes,
there is going to be more volatility.
Still, you said that the "experts" are saying things are bad in the market. Well, that's probably because they placed bad bets. Tech stocks took a
beating, and so did financial institutions, but that's just the effect of panic over the Trump Tarriffs, which will be settled by the first of the
year anyway. And banks are taking a beating because the fed hiked interest rates, and less people are borrowing for big items like cars, and homes.
Every underlying fundamental is looking pretty sweet right now. Jobs up, GDP up, inflation mostly flat, even with energy. Oh, and energy output is up,
wages are up, etc. The only thing tha is up that shouldn't be is the interest rates set by the Federal reserve. Not necessary in the face of flat
rates of inflation.
Here is why I don't trust "your people". Because there is a 70% chance that their employers on the TeeVee are liberal Debbie Downers trying to affect
the outcome of the election, and they are committing lies by omission. I'll just be blunt, if the people that you get your financial news and opinion
from are down on this economy, you are being misled. Point blank. Looking at one or two bad months in the narrow context of losses in a sector of the
economy is not going to give you the whole picture.
My apologies for spitting this out quick and dirty. I'm veering way off topic.
edit on 4-11-2018 by CoramDeo because: (no reason given)