Loading ...Could Third Time Be The Charm?
So far my call from yesterday about an “imminent decline” in the general stock market couldn’t be more wrong. We approach 2PM where the last few days saw sharp selloffs from earlier strength. I am just winging it here but maybe the third time will be the charm!
Two things come to mind:
1. Don’t fight the FED.
2. The market can stay irrational longer than you can stay solvent. Goto 1.
There is no reason the markets should be going up. I abandoned logic within the stock market during the late 90’s. Let them eat cake!
CM, Don’t count it out yet. You may not be that far off.