I’m not worried about the stock market, I’m worried about gold. That dropped precipitously too. I want that to go back up.
Actually, if it dropd far enough, it’s another good buying opportunity.
However, I doubt the bubble is bursting quite yet.
The black face will have to be off the television screen before that happens. Or the season of violent sports has to start up, at the very least.
Can’t pop the peasant’s fantasy bubble, you know.
Today is a buying opportunity. I bought SSYS on a dip and it’s already going up. 3D printing stock.
I’m not worried about it. I am worried about my business, which is not on the stock market.
Buying opportunity!
I’m jumping back into SPY at the close. Sold at 165, I’ll reload at 159.
Happy swing trading to all.
Unless your pension plan's fiscal year end is 6/30. The you're wishing this would have held off for another 2 weeks.
Fortunately, the value of ammunition is holding up nicely.
Would this be an opportunity to move IRA funds from money market to mutual funds? Totally clueless, but making zero interest on my IRA.
The Dow fell, because government pensioners and government-linked pensioners (hedge funds, pension funds, investments of recirculating debt) pushed Bernanke into declaring that if the economy recovers, the Fed might begin to decrease QE measures (bond buying, etc.). So they’re banking on a socialist recovery while ignoring the danger sign of higher yields (collapse ahead).
Dow always anticipates future events affecting investing environment. That’s a truism. This time around, Dow is anticipating impeachment and removal.
Paper gold is dropping. Just try buying real gold anywhere near spot.