Thinking of getting back in at S & P 1340.
” U.S. futures are lower, point to a slightly negative open. [...] Dow futures are now down 100 points. “
Well, the Plunge Protection Team barely managed to pull the Dow back from the brink yesterday - wonder if they have enough ‘magic’ left to repeat that feat today...
Down 111 as I post
Calling it “cratering” at this point seems more anticipation than observation. Might crater, but ~3% isn’t.
They are selling it all: stocks, oil, gold, euros. Dollar and bonds zooming up. But we are still in a bull market, especially for tech.
A 113 point futures fall on the Dow is less than 1%. Sorry, that doesn’t qualify for a headline of ‘cratering’. Hell hath no fury like a bear scorned; which is what they should be if they’ve been bearish for the last three years.
It’s hard to take anything that comes from TBI seriously when they use hyperbolic terms like ‘cratering’ to describe a mere down day. The Dow’s down 135 as I write...that;s hardly cratering.
Don’t fret, we will be positive by days end. Purge protection team to the rescue.
Oil dipped as low as $95/barrel for a moment this AM!!!
I'm planning to drive to AK in my RV this summer and I want that gas price DOWN!!! WAY DOWN!!!