Obviously, these stocks have had a huge run-up. The theory is to sell on the news. That's what's occurring is you're selling on the news.
Obviously, these stocks have had a huge run-up. The theory is to sell on the news. That's what's occurring is you're selling on the news.
War news is having a fingernail-biting impact generally. Right now, there's a sense of people not wanting to do much until the troops get to Baghdad, which could happen in the next day or two. But there's also the hope of some sort of diplomatic resolution before this situation becomes a runaway train. I don't think either side wants to see this prolonged.
There's big fear. People are selling because they don't know what's going to happen. The news out of the BBC this morning that Iraq is getting ready for chemical warfare is a big part of it.
People are comforted by Intel, but it's unsurprising that they had a good quarter, so you're seeing a little sell on the news, ... Market events get discounted more and more these days, and I think you're especially seeing that as we get into this period of digesting the earnings news.
Stocks have priced in a lot of good news right now and you're seeing that in effect. Good news is bad news and bad news is bad news.
How people feel determines where stocks go. It's a simplistic thing, but it's true. The volume is good, and you've got a nice bounce today, but the main thing is that stocks are reacting positively now, even when there is negative news.
© 2020 Inspirational Stories
© 2020 Inspirational Stories