We must say, United States' Wall Street, and markets in general, are hard to follow. Wednesday was the occasion for the markets to review the Q3, since it ended between yesterday and today. Other markets are open today, but let's focus on what's happened in Wednesday. For Wednesday, Dow Jones got +1.47% or +235.57 pts, meanwhile S&P 500 got +1.91% or +35.94 pts and NASDAQ composite (unbelievable, they are on the rise as well!) +2.28% and +102.84 pts. Meanwhile, the Q3 results are less happy-face than Wednesday ressults. Dow Jones got -7.6%, meanwhile S&P did a landing in the red of -6.9% and NASDAQ got -7.4%. The trading volume Wednesday was higher than normal, with 8.52 billion of shares exchanged, +1.3 billion compared to what happened in the 20 previous sessions. Markets are also watching the US employment data that should come Friday, but according to predictions, it should be raising more hopes than expected.
Happy day Wednesday, maybe, but today is continuing down following yesterday's afternoon decay. This morning CNBC had some interesting perspectives on the ongoing market malaise. Just look at $AAPL down 4% in 2 days on a rumor that a chip supplier order has been reduced, and $TWTR is off $5 with the all-but-confirmed announcement that @jack Dorsey will be the new CEO. From my perspective I don't understand why oil and energy had a small pop this morning. I just don't have the mindset for or the willingness to get into the hourly rationale of whither the market. From a longer perspective, the overhanging Fed decision-making business on a rate increase seems to have paralyzed the markets. The global economy continues to be of concern; all the BRIC economies are in recession.
It's by following what's happening everyday that you can look for good things at the right time. Or we can just let invest on some safe share and let it without watching for awhile, but if it's only that, I'm not sure if "investor" is the right word, even if you technically invested some money. Anyway, it seems the Federal reserve decisions does not only paralyze it, if the markets was paralyzed at the same rate, somehow it would be better. No, they're rather in a "it is going to be a bad thing anyway" mindset, with few exceptions here and there. The "fall" of Apple? Well, they are so much affected by the China's problem since they have a contract with Foxconn, doing many of the manufacturing in China, that it wouldn't be non-sense if Apple didn't pay it. And Twitter, if it's not confirmed, it won't reassure the investors yet, and overall they want more a "rescue Twitter and make it money now" CEO rather than the founder.
