Much talk about the almost 1300 points down in the stock market the other day; but more importantly, stocks have had the worst year in about four decades percentage-wise.
Traders are tired of getting beat up; sad to say, with the Fed’s current hawkish position, more of the same could be expected.
U.S. jobless claims dropped to 213.000, which beat market estimates.
Investors keep an eye on this number to get a sense of the Fed’s next move. Speculation is high, 75 or a full 100 points; what will it be?
The Fed meeting is scheduled for the 21st of September, as always expect the market to be all over the board till then.
For details regarding what to expect contact IMG; we gladly will cover the short and long term probabilities.
Every market is experiencing high levels of volatility, and the Fed is pushing forward, taking it to the limit.
Long-term wisdom must be your guide…buying gold and silver at or near two-year lows is not a bad thing.
Comfort and making money are two different concepts.
Short-term: Headlines are your buying opportunities.
Long-term: Fundamentals are your guide.
Much success to all.
London – Singapore – United States Canada
Australia – China – Switzerland
Brinks – IDS – Loomis – The Perth Mint