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RB
Randolf Babcock
@randolfbab · Jun 3

$^DJI pulled off a nice job last night. What do you think?

I think the investor joy is quite unjustified, the index is reacting positively to what it should be reacting rather negatively to - raising the debt ceiling etc.

A community member's personal view, not investment advice. Community Guidelines

BC
Bill Combs @billcombs Jun 3

I watched it yesterday too and found it interesting. And as you write it's actually a bit of a paradox that the index reacted positively to it.

RB
Randolf Babcock @randolfbab Jun 4

Today, the market behaviour is perhaps even more bizarre than during covidu.

RB
Ralphie Barlow @ralphiebarlow Jun 3

Maybe the Fed will put an end to this and we'll get our feet on the ground.

RB
Randolf Babcock @randolfbab Jun 4

Perhaps.

BG
Barrett Gardener @justbarrett Jun 3

I agree with you, the market values even negative news quite positively. However, the biggest problem for markets is usually uncertainty, so probably better a negative outlook than an uncertain one. :D

RB
Randolf Babcock @randolfbab Jun 4

Probably true, but it's been really bizarre lately.

KH
Kit Harington @kitharington Jun 3

Best Article

AA
Ashraf Aboudar @ashraf_dd Jun 3

Yesterday was another very optimistic day in the market. That happens sometimes😊Maybe it will fall again, but at the moment we need to take it as it is and not let things get out of hand.

RB
Randolf Babcock @randolfbab Jun 4

That's true, but to me it's a signal that the market is behaving irrationally - I'm staying away.

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