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Stock market has not hit bottom yet.

D

DoggieDaddy13

All-Conference
Dec 23, 2017
3,992
2,378
113
The big money is still dumping stock, but they are doing it in dribs and drabs now hoping to avoid a flat out crash. We will see a lot more ups and downs over the next several weeks. Hopefully ups and downs from 18-24 as opposed to 14-20.

Hold on tight.... you know, bumpy ride.
 
TheStateUofMS

TheStateUofMS

All-Conference
Dec 26, 2009
10,455
2,469
113
How do you know??? The Dow Jones is -942 points today as I speak at 20,963 whereas the current low of 18,213 from 3/23/20 is still 13.1% below where we sit now.

I'm not saying the 3/23/20 low is THE low, but you're getting way ahead of yourself right now.
 
TheStateUofMS

TheStateUofMS

All-Conference
Dec 26, 2009
10,455
2,469
113
You were right about volatility but that's about it.

There's big money buying and selling. The big money probably is doing a little selling off a 20% rally off the lows as retail investors chased the rally. Today's rollover was probably the easiest one to see coming. I bought SDOW at $49.72 last night and looking to cash out north of $55 if I can get it today.

Wait for a little more pain maybe 4-5% lower from here then time to nibble at the quality companies again.
 
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