Dear Family, Friends and Clients,
Yes, stocks fell 3+% on Tuesday and the market is closed today, Wednesday. Pre-market indicators are positive and it appears stocks will open sharply higher on Thursday morning. The bull market uptrend is still intact, with the market only erasing the + 850 points we gained from November 28th. Four business days ago the market was in exactly the same place.
Profits and the economy are still growing. This is not the end, no matter how many negative forecasts you hear. Corporate balance sheets are strong. So are consumer balance sheets. Banks are over-capitalized…..
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