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Re: Coronavirus unleashes investor panic and now the stock market is at a historic oversold level

By: micro in POPE 5 | Recommend this post (0)
Fri, 28 Feb 20 6:12 PM | 27 view(s)
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Msg. 53680 of 62138
(This msg. is a reply to 53677 by Decomposed)

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Likely. But it doesn't matter.

WHAT exactly was the DOW built on for it to be at over 28,000 ?
This is a market that a few years ago was always around 8 - 12 000 points. WHY was it driven to this pie in the sky upper atmosphere number?? WHAT was supporting it?

Exuberance? Expectations. Feeling god that Obama was not in office and neither was the Beast?

This really does not surprise me and I have been expecting it for some time...

When you build a house of cards, it doesn;t take much for the house to collapse back down to its foundation...

This is why fundamentals matter. OLD, tired, but true...

The good news is wherever it finally retraces to, from that point it shold be another long steady climb upward...


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The above is a reply to the following message:
Re: Coronavirus unleashes investor panic and now the stock market is at a historic oversold level
By: Decomposed
in POPE 5
Fri, 28 Feb 20 5:56 PM
Msg. 53677 of 62138

The Dow is now down 1,059. I'm thinking yesterday's all-time record may get beat.


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