No its not his fault yet but if he gets elected the markets are going to go to shit next year
The markets are a leading indicator. This bull market is long in the tooth. We are due for a recession.
That's what I was thinking but, looking at it pessimistically, who knows how low things can go?. It could still be a case where it could be prudent to cut your losses.
Despite the huge dump SPY is still in a monthly uptrend. Look for it to break 284.82, if it does it will mean that new lower low will be made and that a downtrend might happen. It came pretty close today, 285.54 was today's low. At least it is at 3:11Pm we still have 50 min to go.
Sorry to say I have recently lived out both those scenarios recently. I never learn.
With crypto or just trading in general?
I should read it. thanks. No. Just trading in general. I was bored watching one stock I held just go up and down. So I started buying low and selling high within a twenty dollar spread. Last time I sold high and it skyrocketed. I kept waiting for it to drop to get back in and the "fear of missing out syndrome" hit. I bought high a couple of days before the latest crash. Brilliant timing. As I track my portfolios even after I sell, I can see where I would have been if I hadn't traded in and out. I would have been much further ahead, to the point where the last few days wouldn't have made a dent.With crypto or just trading in general?
I really enjoyed this book:
https://www.amazon.ca/Zurich-Axioms-reward-generations-bankers/dp/1897597495
The second axiom is on Greed.
At the moment Italy appears to be the battleground, if COVID - 19 spreads beyond Lombardy and Veneto then there will be more bleeding in the markets. However there appears to be no confirmed cases in neighbouring Piedmonte, if The Derby di'Italia were played in Torino, they may have opened the turnstiles. The game is in Milano with no fans, the city is in lockdown, it's going to be surreal!
With factories and businesses shut down and restricted travel and quarantines in effect, clearly all types of businesses are going to suffer. And that includes some very big businesses. Strings aren't required.
