I called it a Sucker Rally. That is the current rise in the US Stock markets, so far in 2019.
Seems that I am not alone in being concerned that there is more volatility to come in 2019.
Click on this link to visit the CNBC website to read their article about the recent eTrade Survey results which is titled “E-Trade survey: America’s wealthy are ‘in preservation mode’ and don’t think we’ve seen the market bottom“.
They have dropped the price of Crude Oil to help bolster Western economies. Had the price of Oil not dropped, then IMHO we would have had a major Stock market Crash last year – 1929 style. Thankfully we have not “Yet” had a Stock Market Crash.
The US employment figures are a figment of the Government’s Imagination. There are record numbers of Americans (over 94 Million) who “stopped” looking for work. Why? Because they could NOT find any….
A new article posted by USA Today, goes into some detail of the stocks which fell in price.
I just hope that they can continue to drop the price of Crude Oil. That is the only thing which in my opinion is propping everything up.
Posted by: Vincent Banial
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