Apple and Telsa are both down . Panic people!
They are already down 25%. Another 10% drop isn’t going to make a lot of difference.
USD-JPY crashed down 2.3%. WOW!!
This is very SERIOUS folks.
NQ down 2.3%. ES down 1.4%. Yen rally like nuts.
This isn’t the 80’s. Why is Japan relevant?
Fearmongering.
Yen is the meter of fear. Money rushes to buy yen when people are fearful. Right now it’s flashing bright red.
That’s right. Yen is the most bearish currency against the dollar. If it rallies when rate hikes are expected in the US then it’s a bad sign.
Possibly. 洗盤 as the Chinese call it.
Has nothing to do with big guys scaring the little guys. This is a normal downturn in an economic cycle. Businesses over expanded and are now contracting.
Keeping my investment - CASH (oh you smell so good!) close to my chest. No interest in trying to be a hero buying the dips in this market.
Pulled the trigger on a refi today to raise cash. Never know when it might come in handy…
You are the third after ptiemann and me Welcome to the club.
Had been on the fence on whether to do it now or wait for a drop in rates…you guys pushed me over. Now the question is how to position the cash as this volatility plays out.
I am in the process of re-fing my heloc. Should come through next week.
Bloodbath tomorrow
I saw too many drops after hours,
AMZN(2.80%),
GOOGL(1.93%),
AVGO(4.71),
SKWS(5.25%),
BA (2.35%),
TSLA(1.44%),
QCOM(2.73%)…none spared.
Tomorrow dip may be bigger scale too.
If you look at a longer chart, 54.1 is still a really strong number and solidly growing. If you read the commentary, manufacturers are saying they are constrained by lack of workers to operate at capacity.