Loading ...Re a note I sent to a friend, John, the charts below show sudden price drops because of a strong jobs report. A knee jerk reaction.
Do you think millions of investors were ready, sitting at their computers waiting for the jobs report?
And as soon as it was reported? So they knee jerked and sold stocks down? All at the same time? That’s what it looks like.
And besides that, we don’t know how accurate the jobs report is or who made the appraisal for whom.
Like jewelry for insurance purposes or a home buyer might ask for a low appraisal. A home seller might want a high appraisal. The appraiser is getting paid and and wants a happy customer. Same with auto body damage. The body shop and the insurance company both have appraisers meeting each other at the shop.
Bottom line. Food for thought. Emotion or opinion changed the indices prices, not a bunch of instant selling. Just a change of numbers. It is reality if you sell or buy later into the numbers.