Posted on 08/05/2014 12:30:49 PM PDT by John W
ping
tx! thinking of inviting the investor ping list over here...
What will today, Wednesday, bring?
Well, so far it's been down, now it's up --nobody knows what's happening next for sure but what we do know for sure is that we got a more traders thinking of lower prices than higher so I wound down again today. This past rally the NASDAQ did a lot better than everyone's darling S&P500, so when the current frenzy settles down I'm looking for say, an ETF that mimics the NASDAQ.
Unless there is at least a 5% swing, the movement of the market doesn’t mean much of anything.
Look at how high the market has been in the last couple of years. It would take a 10% drop from recent highs to get all that concerned.
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