Did the FBI corruption tank the market Friday?

1

15rms

Just wondering if the FBI corruption tanked the market? If so that implies some serious problems we do not even know about.
 
Could have influenced it a little, but let's face it, the market has melted up for some time now. Eventually a correction is due.

Also, the GDP forecasts and actual wage growth (2.9%) are big enough to cause worry about the FED raising rates to cool it down.
 
if you look at all the sell offs in the market over the last year, you see they are all related to some political event...ignore at your risk...may not like it, but it is waiting to sting...
 
In part, but also rising Treasury rates.
DB and WFC not looking good either. Both were down over 8%.
Plus the market got too far above its moving averages - overextended.
How do you separate the events effect on the market?
 
Last edited:
This is just a minor storm in a cup of tea, it should probably be over by wednesday next week. Look at how stochastics behaves ... like Pekelo mentioned the weakness was allready in the market for over three days. NFP didn't exactly help things either ...
 
traderlux said:
if you look at all the sell offs in the market over the last year, you see they are all related to some political event...ignore at your risk.
More...
All the selloffs?

There hasn’t been a single selloff in the market in the last year until this week.
Not one
 
traderlux said:
selloffs?...pull a weekly chart, look for red candles, apr, jun, aug, nov, all political related,
More...
I guess we have different opinions on what constitutes a “selloff”.
The market had not dropped more than 4% in over a year and a half. That’s the longest period in 50+ years.
 
15rms said:
Just wondering if the FBI corruption tanked the market? If so that implies some serious problems we do not even know about.
More...
Ya mean the fake news FBI corruption memo.

Nah it was the "keep it real" news bond market.

No free lunch.
 
  • Like
Reactions: d08
You must log in or register to reply here.
Back
Top