by mikeflood 14 Replies latest social current
Dow Jones losing 1175 points today, equivalent to 4.60 % ..... same more or less around the world's stock exchanges. It's like president Bush said "Wall Street got drunk and now it's got a hangover". I think people went irrational over investing, a correction is needed.
Personally I don't see a lot of meaning in that. That just happens all the time.
Seems to me a bit like climbing a scree slope in the mountains - three steps forwards, two steps back, but the overall progress is upwards!
Well, up it goes again, dammit I didn't invest...
If only I had invested in bitcoin when it was 7 dollars. Fortunately, I will probably get the chance to do so in a year or two. Then I will make a killing!
Stock markets Up -Down i`ts just the nature of the beast isn`t it.?
No big deal. Lose some here gain some their .
Nothing to get your nickers in a knot over
Here's how I see it. After 2 flat years or so, the market entered an ascending channel in late 2016. The recent sell off happened after the market got ahead of itself and the channel was violated on the upside. If the bottom of the channel isn't violated, the uptrend remains intact. I've added the red lines to show what I mean.
