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Title : The Market Is In For A Rough Start Today -- Yahoo!Finance -- July 26, 2018
link : The Market Is In For A Rough Start Today -- Yahoo!Finance -- July 26, 2018

The Market Is In For A Rough Start Today -- Yahoo!Finance -- July 26, 2018

Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or what you think you may have read here.

A few weeks ago I mentioned in passing that I felt sorry for young investors just getting starting who listen to CNBC and read Yahoo!Finance to get a feel for the market. Wow, it's my impression that they, especially CNBC, consistently try to "talk the market down ... asking over and over what could "hurt the market.

I saw that again yesterday afternoon. Thirty minutes before the close the Dow had a 210-point swing, going from minus 40 to plus 170. Anyone paying attention knew a) the short term explanation; and, b) the long term implications -- both huge bullish signs. And yet, CNBC continued to try to talk the market down, suggesting this was a one-off. I was eagerly waiting to see what Jim Cramer would say. Surprisingly, he didn't mention a thing for rhe first ten minutes. I turned him off and went back to reading.

Then this on Finance!Yahoo which was posted in response to the 210-point swing, again, scaring novice investors, suggesting that the 210-point swing was reason for more caution, now more than ever:

So, futures?

Up, NASDAQ and S&P 500 are down after a great day yesterday -- not surprisng to see some profit-taking, but the Dow -- even if it is irrelevant as ever -- is up over 50 points in pre-market trading.

Yes, NASDAQ = tech, but I can't get too excited based on what I'm seeing in pre-market trading. By the way, XLNX -- a tech stock -- specialty chips -- see above -- was up almost 8% when Yahoo!Finance warned investors about tech today. In pre-market trading now, XLNX is up 6.66%  -- oh, oh -- the sign of the beast. LOL.

Yahoo!Finance suggests troubles at Facebook (down 24% yesterday) -- and stable this morning -- will mean the same for the rest of the tech industry. I won't argue that Facebook fits in this space, but to me, Facebook is "social media," not "tech."

Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on what you read here or what you think you may have read here.

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