At present, end of day Friday before a weekend, massive sell off on an already high trade volume day. Nothing out of the ordinary really, it’s a weekend, and traders don’t won’t to be holding anything over the weekend.
Monday, all those trader may continue to panic. Or they may start looking for how they’re going to make their numbers look good for the quarter. Ultimately, that’s all the vast majority of the money on the street really cares about, can they make their quarterly gain numbers look good. They’re deathly afraid of being notable below the market.
In the mean time, as Americans, we at this moment are looking to have a new refinance boom as rates push even lower. Europe and the UK are on sale at the moment for travel and leisure. Goods too.
How long that lasts is a good question, eventually all that money that’s trying to run around and not be left out of the musical chairs as to go back to finding bigger chairs.
