Was anyone surprised that the market sold off at the end of the day?
I sure was.
At one point the S&p was only down 5 today.
I was hoping for the stimulus rally to keep going.
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I was not expecting this big drop at all. And i usually very pessimistic. Maybe to defeat this NFT maddnes? Just like when the WSB stocks got hot they corrected the whole market
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Throw in "Quadruple Witching" leading into tomorrow and it added to the sell off. Option contracts ending on the 19th along with other ending on the third Friday in March..Went to cash just after lunch and will wait to see what discounts are offered tomorrow...
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Thoughts around the correlation between it being just over a year since market bottom from year covid collapse? Funds taking profits on huge gains over the last year?
I wouldn't count on any kind of stimulus rally. The market the last few weeks hasn't looked attractive to lure in new money.
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Are we really surprised that Democrats are trying to tax us more on what we want to invest our money on?
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