GREY:CNTTQ - Post by User
Comment by
Nastysaskyon Dec 27, 2018 7:47am
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Post# 29159024
RE:RE:RE:Man are the markets in a funk!!!!!
RE:RE:RE:Man are the markets in a funk!!!!!A lot of factors contributed to yesterdays record move.
An oversold market due for a bounce,
short covering,
low volume,
a Christmas retail season that appears to be very good and,
if that buying in the article is correct it certainly would have helped.
None of this means that the market won't continue to decline. In bear markets you get these massive up days just like in bull markets you get massive down days. It's a bit of a counter indicator to confirm the bear/bull is still in place..
China, Interest rates, Dems taking house, Trump, slowing economies, oil etc etc etc. the market fears the unknown. But everything comes to an end, maybe we've found a short term bottom? If we break to new lows we'll know we haven't.