More Shenanigans
I like to watch the markets because it helps give a person an understanding of what is coming next. One headline I saw today was they officially admitted that oil is in bearish territory. That's normally indicative of things slowing down.
Also, though the markets were down over 500 points on Monday, by Tuesday night they were up over 500 from where they started, a jump of over 1,000 points. And that continued today. Part of that jump is attributed to Fed chair Powell's commitment to keeping the nominal numbers of the market high.
Enjoying living in a managed market?
Oh, and what about all the consumer protections that were put in place after the crisis in 2008?
Makes silver look a lot more attractive.
Just some things to think about.
Not investing advice. Do your own research. This is only for entertainment/informational purposes.
Oil is in a bear market because it's not hitting $100 a barrel anymore? :) Aren't there some OPEC countries hurting when oil drops below a certain point? Anyway, I'm starting to wonder if bear markets are just a negative term for "Hey, we've taking a breather," or "We finally have a scintilla of common sense."
I don't know if I've been alive when there wasn't a managed market of some kind. I think they've got better at it, but this mass assured economic destruction precludes much of any unfettered capitalism to take place. Which makes China about the only place it's happening, where they allow it to happen. Wait, did I just say that? Okay, maybe I should back off of that a little bit. :)