A blip on the screen.
This market is SO overbought it isn’t funny. Another thousand or so points would be healthy.
Ultra low interest rates and decent earnings will keep the bull running.
Would a sell off help the economy? If not now, will there be one when us retirees get the numbers for what has to be taken out of the 401K for 2018?
Anything spooks the crowd, and there will be a massive jam-up at the exits.
This stock run-up is a creation of the Bernanke/Yellen Fed policy to wallpaper over the Obama economy. Trillions created out of thin air.
I believe it won’t end well, JMHO.
I agree. 120 points is nothing.