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Your reputation as a Wise Old Man and as an Ace Stock Market Analyst will be either made or broken forever this week ..... Lannis
The stock market is directly connected to Federal Spending. It cannot grow unless the Federal Government prints and distributes funny money thru spending.
Is that principle something new? The stock market is operating the same way now as it has during LONG periods when Federal spending was a small fraction of what it is now .....
Didn't Ray Charles say something re the stock market ? Something like "It'll do what it'll do" ? Really , does anyone really believe they can predict any of this , or like Pliny the Elder or Nostradamus , are the experts employing the scatter gun method hoping at least a few pellets hit the target ? Dusty
but it does have people-based rules that it follows
The way the stock market moves is made up of the sum of the "moves" of millions of people.
"The Standard & Poor�s 500-stock index, a broad measure of the United States market, closed up about 3.9 percent to 1,940.51. The much-narrower Dow Jones industrial average gained almost 4 percent, or 619 points, to end at 16,285.51."
A good sign, but don't bet the farm yet..
Along with the moves of computers/algorithms which has its own problems.
Met with my finacial guru today and he reassured me that there will be dips but nothing to jump out of the window about.
go change your depends Chuck