12/25/2023 0 Comments Watch list real timetracker![]() ![]() Did this represent a big problem for the world? I don't think so.Ģ. we'd be tickled pink to have such an elevated GDP growth. It had slowed from 7.5% growth to around 7%. The major stories swirling the globe included China's GDP slowing down. Usually, those are the best times to look around you and try to determine if the level of gloom is justified.ġ. When the gloom and doom turns as thick as it had, you know it's time to re-evaluate. Many of them told us this was no longer the time to buy the dips because now it had turned into catching a falling knife. Previously bullish authors pulled their horns in and warned readers the market trend was explicitly down and called for investors to be more defensive and conservative. ![]() and internet reporters/bloggers that came out of the woodwork, trotting out their negative headlines and their most heartfelt "sky is falling" warnings.Įven articles on Seeking Alpha turned decidedly bearish, calling for the next bear market right around the corner. No end of newspaper, magazine, radio, T.V. And as Yogi Berra was never tired of saying, it was déjà vu all over again. Well this correction had us down 2700 points, almost 15%. You remember the last correction that took the market down 16%? This three-day display of good tidings was the longest string of advances since August of last year. From Friday through Wednesday, February 17, the Dow Jones Industrial Average has rocketed some 800 points, or 5.1%. Since last Friday, the market has lit up and lifted off from some of the recent panic lows.
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