I'd love to get some sentiment from everyone, I think that can help us all if we see where the majority of opinions fall. As we know, the market likes to react opposite of the herd... Sentiment is a powerful indicator. Do you all think this bounce today is just a small bounce before another collapse, or will we start to move back towards the highs?
FWIW I wouldn't necessarily call it sentiment but as I discussed in the thread http://www.bullmarketboard.com/threads/5967-How-do-you-follow-the-latest-news-on-the-markets I think the CNBC Fast Money traders have a good read on the msrket. HTH. YMMV.
Today means nothing. The earnings and oil will lead the rest of 2016. I don't think we'll see anything drastic either way, just a lot of up and downs.
I seriously don't think it's something that will lead to some big dramatic crash, no. If you look back over the history of the market in general, you'll see that this type of thing is just part of a pattern that usually (I'll say usually so that no one reminds me of '29... I'm well aware ) adjusts/reverses relatively quickly.
Sentiment for me is very bullish. We are getting a new president, and that alone is enough to make me excited. The FED is doing a bad job of articulating rate hikes. I don't think we can stay at 0% interest rates forever. This has been the most hated recovery I have ever read about. We are in a deflationary period and the fed hikes interest rates! It shows how bad too much government intervention can be when it comes to markets and capitalism. This is a nice, healthy correction. I want an Uber/Lyft IPO ASAP. I also think ObamaCare is a disaster too and has to be "repealed and replaced". Lets hope the US picks the best candidate!
