I just checked prices at 8am, gold up 1%, stocks worldwide up 5 to 7%.
Something is up! Too much of a bounce for a dead cat bounce.
End of quarter balancing.
End of quarter balancing.
It’ll never hold.
The stock market is baked.
The pricing of stocks is supposed to take into account future earnings. Anyone suggesting what earnings are going to be for the next year is a crazy person.
This is all play money running in, all algorithms.
I think I will wait until the market doesnt swing 5% in an hour. If I want that, I can buy bitcoin.