Its almost 1PM and the DOW is almost down by 320 points.
If you really think about it, it should not surprise you
Here is why:
There is no demand destruction: traders and hedge funds blew a lot of money on oil, so it should go up again
- Do you trust the market, the manipulated data or the blabbering talking heads
- Do you trust the bond market, the gold market or the stock market?
- All the bottom callers are changing their songs (cramer included)
- Yes, there are opportunities to make a lot of money (deep valued stocks), but there are also lots of opportunities to crash and burn, Live to trade another day
- It can be the beginning of the end, not the beginning of the new bull