@JC888:After an eventful Fri where in a short span of 10mins, Mr Powell managed to wipe out the Market with billions in "loss" - be it actual or paper. Indeed he wields such influence that I wonder if he feels "stressed out" sometimes ? Afterall, there is the spiderman movie mantra "With great power comes great responsibility", no ?Recap :- S&P 500 : -3.37% (-141.46). Impacted.- DJIA : -3.03% (-1,008.38). Least impacted.- Nasdaq : -3.94% (-497.55). Most affected.Again, Nasdaq was the worst hit of the 3 boards. Little wonder due to nature / type of stocks listed on Nasdaq. Similarly during good times, it could leap-frogged to be the best as well. There's a give and take ?A look at Tiger's Weekly activities for this week also reveals that there will be
Many predicts the stock market to go steadily down after the Feds reported the interest rates hike.It is going up, slowly, but steadily.Could it be the whales are whipping up the low value stocks, to push market up temporarily to allow retail investors to buy in more. Then sell when profits can be taken and allow free fall?What do you think?