where will it end ? the great depression may hold clues as the only real comparison period
Printable View
Dow drops 370 points as tech hits market again, stocks head for third straight down week
https://www.cnbc.com/2020/09/17/stoc...in-streak.html
off the lows now though but indices are in a clear short term sideways pattern now so need to watch which way it breaks. things might get choppy anyway as US elections come into focus so probably a time to be cautious.
I see it too. Not sure where deflation would come from. Despite being told over the last few years a lack of inflation is worrying, it is difficult to think of anything that hasnt gone up in price or shrunk in size (in many cases both) by at least 10% in the same timeframe. Perhaps the basket of goods needs reconfiguring, I havent looked in years but perhaps air tickets and flat screen TVs are in there dragging down the CPI. Many prices have bumped up even in the last few months.
statistically this week is a bad week for equities with only 25% of the time the week after quad witching stocks rising
- On the week after, the indexes have historically seen declines with average losses of -1.03%, -1.10% and -1.24% for the Dow, S&P 500 and NASDAQ respectively
What to Expect on Quadruple Witching Day
https://www.cnbc.com/id/49105154
anyway more importantly markets will start to price in a trump loss if they are believing in the polls.
Maybe ... but more likely it is just markets starting to realise that they are already for some time away with the fairies :):
Whatever it is ... agree that the likelihood for down is higher than the likelihood for up. No matter how the Washington circus continues ...
My gurus are saying the uptrend is still intact
What we are seeing now is a rotation out of techs into industrials/laggards.