Racket wrote:
agip wrote:
I recently saw a list - it had the corrections 2008-2018 and a reason for them. Most of them had 1 or 2 reason. For this one, there were something like 6.
I think that is what is happening - china slowdown, trade war, awful politics, Brexit, Italexit, EM slowdown, housing slowdown....the market is taking many small blows and they are taking a toll.
If the china-us meeting in Buenos Aires doesnt' go well, that could be another leg down.
Do you think this is the march toward bear territory? NASDAQ could very well finish under 7000 today
dunno
I'm encouraged by the quality of the 3Q earnings reports - there is no overall problem with the US economy except for housing.
But Europe is slowing, lord knows what is happening in China, and the trade wars and brexit.
If I had to bet, we'll founder until January or February and the wounds from AMZN, FB, GOOG are less raw. I mean take a look at FB right now. Bloody heck.
Fears are rarely correct. But sometimes they are.