Show-me
Well-known member
We have had a hell of a run up for the month of April and April is historically a good month.
I jumped into the I fund yesterday because of the Monday buy back. Big Friday sell off because of the news, GS, and most traders do not like to hold over the weekend. The traders will step back in and buy it back on Monday. If not that is a bad omen, Friday sell off followed by Monday sell off. Fear in the air if that happens.
This is a different market than in the day. The traders and speculator are in control of the market momentum. Investors are along for the ride and many of them do not realize they have inflated the market artificially because the Fed had ruined they safe interest bearing investment by keeping the rates so artificially low.
I jumped into the I fund yesterday because of the Monday buy back. Big Friday sell off because of the news, GS, and most traders do not like to hold over the weekend. The traders will step back in and buy it back on Monday. If not that is a bad omen, Friday sell off followed by Monday sell off. Fear in the air if that happens.
This is a different market than in the day. The traders and speculator are in control of the market momentum. Investors are along for the ride and many of them do not realize they have inflated the market artificially because the Fed had ruined they safe interest bearing investment by keeping the rates so artificially low.