Is it fair that the US stock market is being held hostage by a pandemic?
buy buy buy!... then the annoucement of 'blah blah blah'
SELL SELL SELL!.... then the annoucement of 'blah blah blah'
...a very sick economy is on the rise in my opinion.
(image created by me in photoshop)
Some interesting articles in the news today.
Panic-selling on the rise
Dow, S&P 500 rally again, but NYSE Arms suggests panic-like selling behavior
Things are escalating now because of Trump and Hong Kong
Dow takes a 360-point U-turn to end lower Thursday as Trump says he will hold a Friday news conference on China
I knew it! Korea will feel hard, too.
South Korea’s central bank cuts policy rate to all-time low
"The Bank of Korea said last month that South Korea's economy shrank 1.4% during the first three months of the year, the worst contraction since late-2008."
Goldman Sachs: Cryptocurrencies ‘Are Not an Asset Class’ so they say. Bitcoin is the enemy, they think. Of course! Duh? They're the bank!!!
The Bigger Picture...Dow Jones Chart 5/29/2020
By the way, when the bulk of the trading is way above the resistance line (for no apparent reason), this is a perfect setup for a major fall. It's only a matter of time now before we see drastic declines.
Yes, US businesses are starting to reopen and appears to be "booming" but actually, in reality, millions of Americans have lost their jobs and it takes AT LEAST 1~2 months for people to find new work again. It isn't booming. For it to be 'booming', you would need workers to WORK at the new businesses. But that isn't happening at this present time. It seems as though the US fed is the wolf in sheep's clothing. They will try to pull the wool over people's eyes because they can get away it.
My Thoughts
Most people are looking at the candy wrapper and are assuming that what the wrapper says is what is inside, but they're not looking at what is REALLY inside. Everything is an excuse. Everything is a coverup. Everything is masked.
DON'T ASSUME
The word is like this: ASS-U-ME -> To assume is to make an ASS out of U and ME.
Don't let the FED pull the wool over the people's eyes.
image resource
We'll get a shave and see once again!
