I’m watching CNBC and hearing panic in their voices (probably because they are GE employees, who know the tide is going out…). This isn’t even a particuarly bad day by recent standards, but we are looking at breaking into new lows. That has already happened with the Dow.
But:Here’s an intraday dollar chart from Quote.com
- Stock rallies have been accompanied by dollar drops many times recently.
- On Options expiration days, markets have had supernatural bounces before (like November 21, 2008) .
All we need now is some “Breaking News”…..
Yeah, I know this is a Train dodge, but I’m bored.