HWPeeler (HPeeler)

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Is it Trump's fault?

Started Mar-4 by HWPeeler (HPeeler); 151 views.
HWPeeler (HPeeler)

From: HWPeeler (HPeeler)


Well, was over 26,000 a short while back. Now about 24,000. Isn't that a drop of about 10% (rough numbers), not 1.9%.

Last year, or earlier, when the market was 24,000 everybody who had money to invest had it committed. Was it more investments that drove it up to 26,000? My question was, where did that money come from?

Now it drops down to 24,000. People sold when it was high. Expected, no surprise. Where are those profits setting?

Or do I not understand the market?

Slipping at 1.9% a day becomes 10% aggregate PDQ, that is what you are seeing.  Anything less than 10% in a very short time is not considered more than a correction.  Now if it did as in 1988 or so, that is a matter of concern, more than a 30% drop in a week or so and it STAYED down.