Replies to post #80244 on Mohacsy's Safe Portfolio Member Forum

[n4807g]

It gives a reason to sell. Question is; will there be any follow through? Virtually every stretch of selling for years has lead to more buying and higher highs. I don't think anyone really understands the market dynamics, so I'm just sitting watching if the market ends today rebounding to a marginal loss or holds near the lows. Holds near the lows, my crystal ball says perhaps more selling, rebounds, my crystal ball says no real conviction...we'll see.

[dexprs]

George, our market was and still is overextended, so any trigger could have caused a big decline. Any excuse for many to take money off the table, if they have not done it already. That is why I like to sell and buy early with nibbles.

[santafe2]

trk, the market hates uncertainty and the Coronavirus offers up serious uncertainty this week. I also think the John Bolton book revelations printed in the NYT this morning has offered more uncertainty and spooked investors.

Here's my thoughts on the Bolton issue: If Bolton testifies, it will be the first time anyone hears first person testimony regarding the president's direct involvement with the holding of Ukrainian defense funding. It's unlikely to change the outcome of the trial, but it will likely damage the president and his chances for re-election. Also, Sanders is surging in the polls. None of this is good news for Wall Street.