If you look at today’s news you will see that people think the market is rallying. If you are trading, then you are interested in today’s data.
The journalists who report the data tend to think week to week. They have to consider the news cycle, and what is happening now. The people who read those papers tend to either be traders or those who run funds which keep to indices: they are interested in adjusting from week to week so their quarterly results look good. Over five days the data is not good.
However, I tend to invest long-term, and indirectly: my savings go into a pension fund. I don’t care about this week’s data: I care about the data over five years. And on that time scale it looks like we are having a correction.
When you see the headlines, folks, look for the real numbers. What happened this week was expected and predicted: but if you do not consider long-term trends you will lose. At present you are better in the local money market. This is not over.
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