From the low on October 15th to the close on October 31st the dow is up 1,535 points in only 12 trading days....a 9.6% gain in 12 days....let that sink in.
I have a feeling if that was a drop of 1,535 points the fed would have an emergency meeting to release QE 4.
Markets up over 140% in the last 5 years and anytime there is more than a tiny simple 3% pullback everyone starts to panic, will be interesting to see what happens when the markets do eventually correct over 30-40%, it will happen because it always does. Stimulus and more debt is the only thing keeping this market propped up, show me real organic growth and I could understand the meaning behind the rise....
DateOpenHighLowCloseVolume
Oct 31, 201417,208.7817,395.5417,208.7817,390.52121,606,622
Oct 30, 201416,968.1417,223.9616,920.7617,195.4280,181,875
Oct 29, 201417,005.0717,065.5016,895.3816,974.3176,447,861
Oct 28, 201416,825.1917,006.4516,825.1917,005.7583,866,381
Oct 27, 201416,796.1016,836.9816,729.8316,817.9472,581,120
Oct 24, 201416,677.0416,811.7116,649.7216,805.4190,395,211
Oct 23, 201416,468.0716,767.5216,468.0716,677.9099,423,314
Oct 22, 201416,615.2616,653.8916,459.8516,461.3292,054,036
Oct 21, 201416,406.0316,620.7816,405.7716,614.81105,114,893
Oct 20, 201416,373.1516,401.6316,260.5416,399.6794,324,586
Oct 17, 201416,118.3916,427.3816,118.3916,380.41137,912,529
Oct 16, 201416,137.1416,211.1215,935.2216,117.24131,669,809
Oct 15, 201416,313.3016,313.3015,855.1216,141.74160,384,18
I have a feeling if that was a drop of 1,535 points the fed would have an emergency meeting to release QE 4.
Markets up over 140% in the last 5 years and anytime there is more than a tiny simple 3% pullback everyone starts to panic, will be interesting to see what happens when the markets do eventually correct over 30-40%, it will happen because it always does. Stimulus and more debt is the only thing keeping this market propped up, show me real organic growth and I could understand the meaning behind the rise....
DateOpenHighLowCloseVolume
Oct 31, 201417,208.7817,395.5417,208.7817,390.52121,606,622
Oct 30, 201416,968.1417,223.9616,920.7617,195.4280,181,875
Oct 29, 201417,005.0717,065.5016,895.3816,974.3176,447,861
Oct 28, 201416,825.1917,006.4516,825.1917,005.7583,866,381
Oct 27, 201416,796.1016,836.9816,729.8316,817.9472,581,120
Oct 24, 201416,677.0416,811.7116,649.7216,805.4190,395,211
Oct 23, 201416,468.0716,767.5216,468.0716,677.9099,423,314
Oct 22, 201416,615.2616,653.8916,459.8516,461.3292,054,036
Oct 21, 201416,406.0316,620.7816,405.7716,614.81105,114,893
Oct 20, 201416,373.1516,401.6316,260.5416,399.6794,324,586
Oct 17, 201416,118.3916,427.3816,118.3916,380.41137,912,529
Oct 16, 201416,137.1416,211.1215,935.2216,117.24131,669,809
Oct 15, 201416,313.3016,313.3015,855.1216,141.74160,384,18