The DOW-30 moved nearly 950 points this week and the gain for the week, +.89%, not even 1%!
This is typical of the volatility that I have mentioned as the market changes character in to something more bearish. You could almost say, "It was a high, Churn and Burn week".
The biggest move was -389 points on the 3.20% move down Wednesday, today's 257 point move up was on very light volume, about 30% below the 50 day average due to the holidays, Wednesday's move had good volume.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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