What’s the Dow Doing Today?
We hope your Holiday weekend was a good one.
With the general negative sentiment and outlook surrounding the world markets over the past several weeks and months, we have to wonder how many “sellers” remain. If we go back to the basic underpinnings of what a market represents-a structure for exchange, dictated by constantly-changing supply and demand-what else would need to be “priced in” for more shares in various companies to be sold? That’s correct, companies with value and individual merits, as opposed to just index numbers. We have a tendency to forget this relationship as well as the one that strong pessimism and market troughs on a graph tend to appear together. The centuries-old “buy when you see blood in the streets” adage has been effective, although it doesn’t feel so positive at the time.
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