Plus, the market is a bit overbought and still digesting the latest leg of the rally.įor all the drama, it’s been a strong start to the year for the NASDAQ, which gave up big gains and actually closed close lower following the lead of Amazon (AMZN) and Apple (AAPL). Rooting for the demise of others, especially the less fortunate, triggers its own kind of melancholy. How long will it take to reload and give it another try? Meanwhile, cheering for the demise of small investors has created an aura of negativity that permeates the entire market.
And yet, each day, it gets worse, calling for the death knell of Robinhood traders.Īsking if their siege on those mighty hedge funds is finally over. Then there is all the cheerleading for the comeuppance of the individual investor. Guessing market tops have become a sensation among the brilliant experts that missed the move in the first place. Sure, there is natural apprehension, considering how far the market has come since the early days of last spring. In its natural role, the stock market is a harbinger of the future, and we all know the future will be brighter.Īnd yet lately, real-time angst has begun to creep into the stock market. To a degree, the stock market has been a shield from the madness of our current condition. There is no doubt as we approach one year of partial and complete lockdowns, everyone feels signs of depression, coupled with grief over the deaths of loved ones and even strangers. In Roman mythology, the Goddess of depression, worry, and mental illness was called Miseria, hence the word misery.
I think there is a combination of reasons. There is an odd sense of foreboding in the market lately. By Charles Payne, CEO & Principal Analyst
0 kommentar(er)
