<\/p>\n
I promised yesterday that I would continue to monitor the “mood of the market” until there was some sort of cohesion<\/a>.\u00a0 Friday’s close on the Dow Jones was up 60.93 points.\u00a0 However, the index shot up as many as 170 points, only to then see a decline of 240 points midday before settling at the close of 11,444.61.<\/span><\/p>\n So what is the mood?<\/span><\/p>\n Largely relieved, is the answer.\u00a0 The Department of Labor jobs report<\/a>, and the news that the European Central Bank would consider buying distressed Italian and Spanish debt<\/a>, mostly settled investors’ nerves.\u00a0 However, it still seems to me that there is a contingent of important investors that have large downward bets on the direction of the financial markets.\u00a0 Read: hedge funds that have shorted the markets.<\/span><\/p>\n In part, I think this is one of the reasons why yesterday’s financial market sell off was so pronounced.\u00a0 Program trades, and shorts, may have created the critical mass necessary for a powerful slide.<\/span><\/p>\n So is it time to buy, especially since stocks, on average, are 10% cheaper than they were two weeks ago?\u00a0 No, not quite.\u00a0 Why?\u00a0 Its just my experience as an investor speaking here.\u00a0 I usually only like to buy after several consecutive strong up days after catastrophic falls; all the while with an intuitive eye directed toward that critical “mood of the market.”<\/span><\/p>\n Jason<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" I promised yesterday that I would continue to monitor the “mood of the market” until there was some sort of cohesion.\u00a0 Friday’s close on the Dow Jones was up 60.93 points.\u00a0 However, the index shot up as many as 170 points, only to then see a decline of 240 points midday before settling at […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-4594","post","type-post","status-publish","format-standard","hentry","category-the-blog"],"_links":{"self":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/4594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/comments?post=4594"}],"version-history":[{"count":0,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/4594\/revisions"}],"wp:attachment":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/media?parent=4594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/categories?post=4594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/tags?post=4594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}