After today, I have a good feeling about tomorrow. GDP news seems to have been digested and the bulls seemed determined today.
After today, I have a good feeling about tomorrow. GDP news seems to have been digested and the bulls seemed determined today.
Scott Harrison
Senatobia, MS
I should probably wait for a pullback, but I'm doing the exact opposite of what I think I should do and going 100% S Fund at COB today.
Scott Harrison
Senatobia, MS
I suppose I got my pullback after all.
Scott Harrison
Senatobia, MS
Tom
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I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
At least my biweekly TSP contribution yesterday went in on the dip, hopefully the initial bounce this morning continues...
It's almost time for the afternoon "fade."
Scott Harrison
Senatobia, MS
Finally a day with no fade!
I don't think anybody knows what might happen from one day to the next with certainty, but what we do know is that change is inevitable. The effects of missed payments on mortgages, automobiles, student loans, credit card payments, etc. will be realized. The government printing money like wallpaper, Fed intervention to prop up the credit market, and (don't overlook the implications) the massive amounts of money pooling among the companies that have and continue to benefit dis-proportionally from the pandemic and give them additional power over other companies that are struggling. Then, there's the pandemic itself.
I think that, considering everything, investors are still just a little unsure and these afternoon "fades" are telling. If strength begins to hold into the close with regularity, then perhaps momentum has gotten a good hold again, but that too, in my opinion, is a good reason to be cautious. The market cannot always go up.
Scott Harrison
Senatobia, MS
And the Fade is back...
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