She may stumble a bit.
She may falter.
However I’ve been saying this for a few days now in the stocktwits stream. Before the Fed swooped in with dovish comments to calm the fears of the new trembling investor.
This market has had the feel of a market … that just wanted to run.
How do you want to describe this market? A double-bottom? Do you want to talk about the ‘double-bottom’ from August 24th, to October 1st? Do we want to talk of current economic data being ‘priced in’ as time passed with such a ‘double-bottom’? Perhaps we could wax philosophic about the transports recovering from their prolonged slump? Maybe you feel it’s all irrational. Maybe the Fed has done exactly the right thing. Maybe the Fed is acting irresponsible.
Ok. Great. Choose your own narrative.
But sometimes she just wants to run ….