IMHO the stock market has short term oversold. There’s a lot of fear of the unknown with the government shutdown, but after that’s taken care of this weekend and people see nothing happened then the markets will get bought again.
Trump is going to get hit hard with this along with China tensions. Maybe he’ll kick in a little niceness to China to get the ball really rolling. After the worst week since 2008 it would be stupid if the Fed didn’t slow their rate increase forecast or at least talk about it.
All in all I’m expecting a huge rally on Monday. Do I think markets are still too expensive? Yes I do. But I can also see that the market is not about to keep on falling when there’s no current reason.
Submitted December 21, 2018 at 08:52PM by Abram_SF http://bit.ly/2QJO8FC
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