Octjan2 wrote:usps2013 wrote:Missed it by [[this]] much...
Futures are up in the Asian session. See if it holds.
You should get other chances to buy low. The bump we will probably see tomorrow is normal considering the amount of selling over the past 2 days. Once it goes back up a little there could be another big sell off. I don't think there is much of a chance of the stocks taking off. There is still way too much uncertainty unless something positive comes out of Europe.
I'm in the middle. Nothing will change economically in Europe. Even if it does-which is unlikely-that is a 2018-2019 issue. The here and now is status quo. [I find it preposterous that the markets are planning two years out. There are too many variables in the Brexit equation. Feelings are hurt and the markets reflect that.]
Assuming the fear is tangible, folks will flock to us equities and bonds driving up prices more. In a world of zero or negative returns, over priced US markets are the place to be. That's why I believe, softly, a small run will occur.
That being said, I think this [is] all ridiculous and the S&P needs to drop to 1700 levels for my own personal sanity. That day will come. The last economic power will capitulate beneath the weight of the world and underlying fundamentals. Today, I believe, is not that day.
As an aside, I'm studying German. My phrase of the day was: duetsche bank. Apparently, it means Lehmann Brothers in German. Who knew?
Had to edit. My literacy was low this morning.
-An economic forecaster is like a blind javelin thrower; although rarely accurate, he keeps your full attention.