Quote:
Originally Posted by Sigaba
While I watch the conversation between nmap and 6.8SPC go over my head  , I am wondering if anyone else has noticed the recent trend the last couple of weeks in which a member of the current administration makes public comments and then the Dow starts to drop? Yes, correlation is not causation but maybe the president could work some of his mojo on the skeptics rather than just preaching to his base.  |
Quote:
Originally Posted by Gypsy
I had a similar thought, the Dow dropped after the President's announcement on his new housing plan.
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Gypsy / Sigaba,
I am just guessing, but wonder if the
“content” of the “public comments” is the cause of a down DOW.
My understanding of the market is that “perception is reality”, and (to use the new housing plan as an example) it was perceived to be a TERRIBLE (technical term) drag on the economy, ill-conceived, and with the drop yesterday, got a vote of no confidence.
As
nmap has speculated elsewhere, we could be headed much lower if the investor class continues to sell out of the market.
SnT