Quote:
Originally Posted by QuikSand
So, if you have been playing the market... what do you make of this? The Friday move on the US markets seems almost totally beholden to the "sticker shock" of the jobs report. Now that we (maybe) know it's bogus, is Monday a -massive- correction? I mean... seems like it, right? if there is any rationality in the market at this point... right?
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No I think right now there's a lot of FOMO in the market. That won't come off really fast at all. So I think if we see the upward momentum peter out THEN we might start a slow slog downward but not until the buying is exhausted and it isn't yet.