Lau333's Journal
Why the stock market plunged today?
Quoted"
https://www.cnbc.com/2018/02/
Meanwhile, US Bond yields which breakout are the initial trigger for the reversal, are dropping..
On the S&P 500 earnings front, best beat against consensus earnings estimate so far….
Neither it means the market has bottomed mean nor a V-shape recovery is in the horizon. Just that, the pullback is more technical than anything else, and let’s wait for a technical sign to signal bottom. Expect market to be volatile at near term!
CFD on S&P Future Index (hourly chart)
Disclaimer:
A sharing of personal investment idea and thought and is not a recommendation to buy or sell.
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Created by Lau333 | Feb 26, 2018
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https://www.zerohedge.com/news/2018-02-08/kolanovic-current-crisis-playing-out-exactly-same-aug-2015-crisis
A note about zerohedge, this site is full of doomsayers, so take it with a pinch of salt, but Kolanovic is a pretty smart guant guy...
2018-02-09 09:28
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Lau333
Another 1000 points drop for DOW Jones insides today. From technical chart, potential double- bottom in the making, crucial for 23780 level to hold. Meanwhile, bond yield are relatively stable, not the trigger for today’s fall.
2018-02-09 07:48