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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