Monday, September 27, 2021

Notes From All Over -- Part 2 -- The September Swoon -- That Was It? September 27, 2021

September, 2021, is, of course, not over.

But if the trend continues, it looks like all that hand-wringing by Jim Cramer and the entire CNBC crew was just that -- hand-wringing. 

That incredible drop in the Dow -- yes, that 1% drop coming after a thirty-percent jump in the Dow over the past year, or whatever it's been -- was a whole week ago, and is now completely forgotten. That story disappeared as fast the US Army left Afghanistan. 

By the end of last week, the markets returned to the pre-Monday sell-off. 

Nothing more than a September swoon. 

Today the market opens mixed, and now, even before mid-morning, the Dow is up an incredible 240 points. Who wudda thought?

One gets the feeling investors don't like to put new money into:

  • bonds;
  • money market accounts;
  • cash.

Last Monday: a buying opportunity. Period. Dot. 

The numbers:

  • WTI: $75.40
  • DXY: $93.32. Flat.
  • Ten year Treasury: 1.475%

 Hurricane Ida: was that this year?

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