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Hi Trembling Hand, good post with some interesting charts, thanks.One comment though, you say there was no reason but I think there was one and it was discussed beforehand by David Stockman (who was, amongst other things, Director of OMB under Reagan).I don't follow him closely at all (I'm a leftie!), but a couple of weeks ago did see him make the prediction of trouble for the market after March 15th which was the date the US debt ceiling would be hit and wrote it in my notepad of pundit predictions which is a fun game to see who actually makes useful calls.https://dailyreckoning.com/countdown-to-crisis/ (just one of the many posts about this he seems to have made in the weeks preceding the debt ceiling issue).If you had sold the US market on the 15th, which was a decent up-day, it would have been the recent swing high.
Hi Trembling Hand, good post with some interesting charts, thanks.
One comment though, you say there was no reason but I think there was one and it was discussed beforehand by David Stockman (who was, amongst other things, Director of OMB under Reagan).
I don't follow him closely at all (I'm a leftie!), but a couple of weeks ago did see him make the prediction of trouble for the market after March 15th which was the date the US debt ceiling would be hit and wrote it in my notepad of pundit predictions which is a fun game to see who actually makes useful calls.
https://dailyreckoning.com/countdown-to-crisis/ (just one of the many posts about this he seems to have made in the weeks preceding the debt ceiling issue).
If you had sold the US market on the 15th, which was a decent up-day, it would have been the recent swing high.
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