Above 1200 good for 100pt drop. Look to be a buyer again after this drop and then hold to 1475. 1475 will bring a major collapse in the markets. Book those profits while you still got them.
will the printing presses be able to print more paper to resume this rally after a selloff/correction or willl the air ballon just slowly descend trying to conserve enough helium not to crash
will the printing presses be able to print more paper to resume this rally after a selloff/correction or willl the air ballon just slowly descend trying to conserve enough helium not to crash
Printing more $ will only keep the stock mkt at around this level due to the fact that many (if not most) insiders and such already cashed out and would never put those money back into the system.
Think of this as 2nd generation of now "old money" defending their loots.