You could be correct.
Of course, that article is from 12 Feb. The VIX dipped below 20 the same day it was published. Perhaps any predicted action from fund managers has already taken place, especially since new highs were made in the Dow, S&P, and Naz also on the same day... along with follow-through (in the Dow) the following week. I guess the wise thing to do now is to wait for consecutive days below 20 to confirm any breakdown in the VIX.
"Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7
"Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7
"Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7
I hope y'all have been enjoying this rocket ride, which is destined to return to earth for a "refueling stop." This will be sooner rather than later. Over the past 4 weeks, the major indices have gained:
Dow: 4.76%
S&P: 6.76%
Naz: 6.25%
Current RSI's (14-Day):
Dow: 74.28 (Overbought)
S&P: 74.53 (Overbought)
Naz: 64.00 (May have more room to run.)
Next week will be interesting for sure because it is chock full of earnings reports from some big names. Good luck with your investments!
God Bless
"Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7
Pop'n in to say, "Yo!"
I've been super busy riding the AMC wave!
Hope y'all are doing great!
God Bless
"Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7
Hope you "old timers" are doing well! Pop'n in again to let y'all know I'm still alive-n-kick'n.
As you know, Mr. Market is being affected by both The Fed and omicron. I wouldn't be surprised if tomorrow is a green day. But, don't let that fool you. Omicron will become more of a player as more states eventually report cases. Then there is the fear of the unknown- just how bad will omicron become? Will the current vaccines be effective? And as you know, Mr. Market hates uncertainty. Time will tell if it's a variant that we should be truly concerned about. If so, then Mr. Market will abhor that. In the meantime, keep your heads on an economic swivel... paying close attention to bond yields, oil, dollar, etc., etc. You know the drill.
God Bless
"Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7
I'm *hoping* 1. omicron is a non-issue, and 2. the market realizes that quickly.
Maybe asking a lot there, but early reports suggest this variant is pretty mild. Just like the flu, we are going to see a new strain of COVID every year now as it mutates to adapt and survive. The good news with that is, viruses mutate to stay alive, not to kill their host. That should mean that these mutations will continue to be less and less deadly. Here's to hoping...
Nice to hear from you again Rod! I Agree with you on the VIRUS stuff!
Yeah it makes absolutely no sense to me. The delta variant was bad. A lot more people were dying from it then the original strain, and it appears that this new variant is not as deadly. I'm of the opinion that there's people manipulating the market and they're using it as an excuse to cover their tracks.
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Thru-hike the Appalachian trail spring 2029
Yeah... I'm hearing talk that this sell-off is more about a lack of confidence in The Fed than it is about omicron. Like I said earlier, omicron will certainly have a negative affect as more cases eventually appear in more states. I think it's still too early to tell just how severe omicron will be. We can't judge/expect its severity by the cases in South Africa because supposedly those were younger patients. Just like the previous strains, everyone will be affected differently. All we can do is prepare mentally for the worst and hope for the best. But you must admit, we are long overdue for at least a 10% pullback.
"Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7
Just as I said... omicron will eventually begin to pop up in other states. Now, will Mr. Market react to the second US case of omicron in Minnesota?
https://www.cnbc.com/2021/12/02/minn...ed-to-nyc.html
"Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7
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