General Discussion

JoePhilly

(27,787 posts)

21. As of today, the Market doesn't look too worried.

Mon Sep 16, 2013, 12:51 PM

Sep 2013

We're up about 500 points since a week ago. So a drop Wednesday of a couple 100 points wouldn't mean much. Unless you are a day trader.

I think most of the impact of QE is being factored in. And after the 2008 collapse, companies responded by hording cash because they determined that they could no longer expect the financial industry to provide the short term money they'd come to rely on. They've been building up cash buffers ... that's why they've been slow to invest and slow to start hiring.

The lower bound I'm watching is 13k. That was the last low level that was really contested.

A drop to 14k would only get my attention if we dropped quick and stayed there for a while. But I'd be more tempted to wait to see if the 13kish boundary were possible.

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Yes NoOneMan Sep 2013 #19

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