What if it Snows?

The WIIS thread has taken on an unmistakable air of gloom and doom.

 

Dow is still up over 10% annual or 70% over 5 years

I don't see a problem for long term, responsible/ethical investors.

Day traders? Yep they are wishing they had lube about now. Not my issue if they get caught up in the Ponzi scheme. Sucks to be them.

 

I’m going out on a limb and not having to go very far, by saying day traders are loving the volatile intraday movement of the market the past week. They make just as much with the market going down as going up doesn’t matter as long as it moves and gives directions and momentum to trade off of. Lot of money being made by the short attention span and Asperger folks who are trading very fast and volatile markets.

That’s all I’m going to say about this because last time I did I got lectured about big iron and put into my place.

So out of respect for my betters, I will just stand down talking about the market here.

 

Yep DOW was 31,176.07 close of day 1/21/21
Currently aprox 34,281 = 9.96 % annual growth.

1/22/21 the daily continued to dive another half a percent. I figure Monday will mirror that.
continued to drop and dipped below 30k on 1/29/21, it can drop another 1k over the next week before I raise an eyebrow.

 

https://thedailybounce.net/world-of-tanks/supertest-object-259a-soviet-tier-viii-heavy-tank/