Under normal circumstances the first trading day of the month has a big up bias.
But if the market is in a bearish mode like it was back in late 2008.
There is not enough new money coming in to stop the market from falling.
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Mr. Jones, what do you think drives the markets? Does smart money lead the direction or just momentum/chasers in either direction? We have huge down days in a bear trend, then AAPL rips up 4+%, then down 3.66% the next. How can this just be random market action?
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