12:00 TUESDAY – Stock Market Report #143 – 12/7/21
by Robert Holman | The Defensive Advisor | www.defensiveadvisor.com
EQUITY MARKET RATING … Staying at 7 (where 0 - 4 is bearish, 5 is neutral, 6 - 10 is bullish).
The EQUITY MARKET and the ECONOMY … I’m wondering WHY market reaction to negative news – even with that news being only mildly negative, and only lasting one day – why is it triggering such fear, panic and negativism in investors? I’m also thinking about the huge sigh of relief that comes when the market moves back up the following day – it’s almost palpable - and the psychological relief it provides. Is it more than reversal of fortune? Is all of this - fear and relief - about the allure, seduction and enticement of riches and greed?
The market has been on a tear yesterday and today – the fear of Covid-Omicron is abating. It is now clear that the market sold off on inaccurate data about this new variant. The market seems to be responding to return to work concepts.
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Opinions voiced in this post are for general information only and are not intended to provide specific advice to or recommendations for any individual, without complete knowledge of that individual’s total financial profile. No strategy assures success or protects against loss. Past performance does not guarantee future results.
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