U.S. Stocks Sink to Biggest 3 Day Drop Since March
Well it seems that sanity has come back to the market. Yes as your read this we have had the biggest 3 day drop on the market in nearly a year. I could fill up this page with reasons why….but If you have been tagging along and listening to our messages then you will fully understand. When I woke up and heard the market reports on the news, the first WORD that came to my mind was SANITY…..
AS the market kept climbing to new highs, the INSANE, no scratch that out…HIGHLY INSANE people kept just buying on all the government funding and money they kept pumping in the market. In all seriousness this was a fake rally, and lasted too long. Many people who kept buying kept getting use to making lots of money….so what did they do …KEPT buying. as I said CLINICALLY INSANE….with a double scoop of IGNORANT on top!
Now people are seeing the market dip hard here and are making all the excuses in the world. Obama has finally stepped up to the plate and started to get his cane out and whipping the naughty school boys on wall st for getting back to their dirty practices. Ummmm bit late for that now. But I say to Obama better late than NEVER.
I dont think he has come a long way since his election speech…what was it again!? YES WE CANNNED HAMMM! or something like that.
Anyway no matter what happens here on the market, up or down (down seems more likely the case) it has been FUN for myself and traders in the office, the video below I show you why???
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