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Good news for people who invest
Good news for people who invest.
Stock Market Today: Three-Day Market Rebound Erases ‘Brexit’ LossesThe Dow continues to push higher, but warning signs abound
U.S. equities charged higher for the third consecutive day thanks to a combination of central bank stimulus hopes (Bank of England and European Central Bank), fading “Brexit” fears and end-of-quarter window dressing by investment professionals and fund managers.
“We hold these truths to be self-evident,” former vice president Biden said during a campaign event in Texas on Monday. "All men and women created by — you know, you know, the thing.”
- tennyson
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- Registered: 2/06/2015
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Re: Good news for people who invest
The initial reaction was pure panic.
The markets generally do not like uncertainty. We have yet to really see and feel the impact if they truly leave. So far Britain has been the big looser, but the real test will be in a couple of months.
Couple the real exit with our own uncertain political future and we could be in for a rocky couple of months towards the end of the year and beginning of next year.
Not to sound like a debbie downer, but there have been a few economists pointing to a meltdown with China and its own debt situation (internal debt is a real unregulated problem there). If that happens, a real economic meltdown will be in the works.
Last edited by tennyson (7/01/2016 7:06 pm)
"Do not confuse motion and progress, A rocking horse keeps moving but does not make any progress"
- Goose
- Cogito ergo sum
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- Registered: 1/29/2015
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Re: Good news for people who invest
Three days does not make a bull market
We live in a time in which decent and otherwise sensible people are surrendering too easily to the hectoring of morons or extremists.