Bloodbath Tuesday
It was a bloodbath Tuesday with Dow Jones falling by 1%, and both Nasdaq and S&P500 down about 1.5%. Been a while since we last saw such single day sell off
Seems like the market is still having a hangover from last week’s FOMC meeting. Investors probably realised that they have priced in rate cuts too early.
Meanwhile, the market is also waiting and watching to see if there will be a shutdown for the US government.
Seems like the market is still having a hangover from last week’s FOMC meeting. Investors probably realised that they have priced in rate cuts too early.
Meanwhile, the market is also waiting and watching to see if there will be a shutdown for the US government.
From YouTube
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OceansWave : It’s the market makers, like the analyst and reporters who price in the rate cuts early.. they just wanted a bear market at this time..
When the trend is formed, the market will just downwards… this Friday will be another big sell off and especially since the Government shutdown is looming… the market might dip in even lower…
Got to see how things goes.. this is still Sept and the curse lived up to its name
Chins OceansWave : Thank you
Cow Moo-ney OP OceansWave : Not sure if Friday will have a big sell off. I usually don’t get too fixated about an outcome. But yeah, bearish Sep is taking effect
OceansWave Cow Moo-ney OP : I do see a lot of options for megacap to expire this Friday..
MonkeyGee : blood bath? this is just a paper cut. we will see if the cut gets infected!