Stocks Look Primed to Plummet on a Dearth of ‘Good’ News

It was predictable that DaBoyz would attempt to sucker rubes into buying stocks ahead of Wednesday’s dog-bites-man announcement from the Fed. The only surprise is that when the announcement of a universally expected 25-basis-point hike came at 2:0o p.m., the Dow and S&Ps did not reverse with a vengeance; instead, they sold off moderately to finish slightly lower on the day.  Look for the selling to pick up steam, since DaBoyz have so little to work with on the news front. Search as they might for ‘bullish’ headlines, their benighted lackeys in the news media have gone off the reservation, obsessing over Trump-and-the-Russians drivel that most of us tuned out six months ago. If that’s the only news the media hacks can gin up in these all-too-interesting times, the stock market is about to pass out from a lack of oxygen.

  • JG4 March 22, 2018, 3:47 pm

    Nice call.

  • none March 22, 2018, 5:17 am

    1. $AAPL $890 billion
    2. $AMZN $768 billion
    3. $GOOGL $763 billion
    4. $MSFT $717 billion
    5. $BRK.A $505 billion
    6. $FB $488 billion
    7. $JPM $393 billion
    8. $JNJ $351 billion
    9. $BAC $326 billion
    10. $XOM $313 billion

    One of these issues above must make or create something.

    Tulip Fever (2017)

    Set against the backdrop of the 17th-century Tulip Wars, a married noblewoman (Alicia Vikander) has an affair with an artist (Dane DeHaan) and switches identities with her maid to escape the wealthy merchant she married. She and her lover try to raise money together by investing what little they have in the high-stakes tulip market.
    Initial release: August 24, 2017 (Germany)
    Director: Justin Chadwick
    Box office: 8.4 million USD
    Story by: Deborah Moggach
    Screenplay: Tom Stoppard, Deborah Moggach

    Have a great day.