Get ready for a flat day all day.
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
You had two opposite predictions two days in a row. I will act on your tomorrow's prediction doing the opposite of what you said. Just kidding
. The only problem is NASDAQ. IWM which is Russel 2000 is also doing good. This means that we should see a NASDAQ revenge rally very very soon.What a day. Historical high for the dow and a sinking nasdaq that is well off its highs. The most loved sector is now completely out of favor. Even the semi's which were literally unstoppable are collapsing. No worries though nasdaq will Sprint higher in the weeks ahead and travel north to 15000.
DOW is only 30 stocks. I never use the DOW as an indicator. But cyclical stocks look good even as the correction gets fully in tract. Its very hard for companies to deal with aggressive rate rises when the zero interest rates have been the dope that the markets have needed since 2009. Even VZ, HD, KO, COST...need low interest rates and low energy prices to keep earnings growth. We may not see low interest rates and low oil prices for some time to come.
I am doing what nine_ender mentioned and playing sectors and not at all running indices. And I do like the energy sector and commodities sector. I was in builders, and home related but interest rates may kill that pretty quick. Still looking at others.
I am doing what nine_ender mentioned and playing sectors and not at all running indices. And I do like the energy sector and commodities sector. I was in builders, and home related but interest rates may kill that pretty quick. Still looking at others.
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Sell off what sell off.
Today must be the day NAZ100 soars 500 points, its already up 300 overnight.