NOTHING STOPS STOCK MARKET GENERALS FROM MARCHING AHEAD BUT TROOPS NOT FOLLOWING $AAPL $AMZN $DJIA $FB $GOOG $MSFT $RSP $SPX $SPY
The momo (momentum) crowd in the stock market has it all figured out. “Good” news is “great” news. “Bad” news is “good” news. There is nothing that cannot be twisted into a reason to buy.
Is Bernie Sanders’ win in New Hampshire a good thing for the stock market? Wall Street says “yes” because this makes Donald Trump stronger. Is coronavirus a good thing? Wall Street says “yes” because central banks will print more money. Why not buy on the news of the coronavirus and then buy again on the news of the coronavirus’ spread slowing? No kidding, the crowd is now buying on the news of the coronavirus slowing, even though the stock market is higher now than when the coronavirus first emerged.… Please click here or the title below to read more.
February 12, 2020