STOCK MARKET WATCH - Wednesday, 8 September 2021

[Tansy_Gold]

STOCK MARKET WATCH, Wednesday, 8 September 2021

Previous SMW:
SMW for 7 September 2021




AT THE CLOSING BELL ON 7 September 2021


Dow Jones 35,100.00 -269.09 (0.76%)
S&P 500 4,520.03 -15.40 (0.34%)
Nasdaq 15,374.33 +10.81 (0.070%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:











Gold & Silver:






Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

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This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

[bucolic_frolic]

1. The September lows 2 years 2019 ago were remarkable

That's the day I almost gave it all up. I think we were waiting on a Fed release, but the market had been eroding for days, and just kept going. Around 11 AM I was at the puke point. I said give it till 3 PM, if it doesn't do something soon I'll have to do something (exit a few positions). Sure enough up she went. That day i learned to hedge most positions, based on chart action. The March 2020 Covid lows were not quite as bad for me.

So we're seeing a weak point here now too. My best sources say a 5-10% correction before a fall tech rally, as usual, into the new year, with stocks and bonds peaking in January. Don't know if that will bear out, I just hedge along. Worst of all right now, I just don't find anything cheap. No value. Even some mutual fund companies warning we've had an outsized performance that cannot be expected to continue.