To The Moon

The market reminded me today that its movement cannot be predicted as sentiments of traders remained volatile. It dived after the market "felt" that Powell's remarks signalled thatthe measures in taming inflation would continue.

Moments prior to his announcement, the market was waiting in anticipation for good news and expecting a relief rally. However, upon announcement, it fell. I look with amusement at how market sentiments drove the prices of all the stocks up (in anticipation) and down (in disappointment). 

This, despite the same rate hike as per the last time and knowing that inflation has not ended. 

Now, I have come to realise that collectively, the market is irrational, prone to jumping in panic and does not look forward very much. Perhaps you may say that it was Russia's actions of immobilisation but that would not be true if you look at the graph.

But my opinion is that it will remain stable after a while (probably in the next few days) because the news will slowly be accepted and investors will take the chance to buy lower price stocks. My other opinion is to ignore the noise and not to follow the crowd. 

Lastly, as can be seen from its collective volatility, this serves as a mini reminder to me not to predictor time the market.

@TigerStars@CaptainTiger@MillionaireTiger