@ Cheese,
You've got a helluva memory.
Mine is shot. That's Y I can't trade anymore.
Just buyin' & holdin' ...
My "fear" only brings me here when the signals turn.
:>/
Thanks for the filter reminder.
@ Mac,
Due to my bad memory, I posted your filter on the Public Filter List.
I hope you don't mind.
If you do, just let me know and I'll remove it.
Thx.
Recessions are what normally kill bull markets — and a recession is not likely for at least a year or more.
“We’re not overly worried about this being the early legs of a large-scale market correction in conjunction with a recession,” Joe Mallen, chief investment officer at Helios Quantitative Research, said Wednesday. “I don’t see anything so dire from an economic data perspective that will create a 20% plus drawdown.
The current sell-off comes as a shock to investors who have grown accustomed to the eerie market calm and steady gains during much of the administration of President Trump. But this volatility is something you should get used to because it’s more typical of the advanced stages of a bull market, says Robert Bacarella, founder and chairman of Monetta Financial Services, who helps manage the Monetta Fund MONTX, -2.16% and the Monetta Core Growth Fund MYIFX, -2.13%
Stock investors, take a deep breath and repeat the following: This is not the beginning of a bear market. A recession is not at hand.
“The economic fundamentals remain favorable,” said Bruce Bittles, Robert W. Baird’s chief investment strategist, after Wednesday’s sell-off. Bittles was also cautious on stocks ahead of the current rout. “Given the strength in the labor markets and confidence levels among small businesses, the odds of a business turndown are unlikely. We remain bullish on the U.S. economy.”
Re: "“The economic fundamentals remain favorable,” said Bruce Bittles, Robert W. Baird’s chief investment strategist, after Wednesday’s sell-off. "
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Michael Arone, chief investment strategist at State Street Global Advisors:
"Regardless of the midterm elections' outcome, we're likely to see a negotiated deal, kind of outlines of a deal, between the U.S. and China by year's end. I think that will help give the markets confidence to move higher into next year,"
What will get both sides to the table is the fact that neither country can afford a protected trade war because they both have economies that are gradually slowing."
The firm has $2.7 trillion in assets under management as of June 30, 2018.
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