Faster Than A Speeding Bullet
Posted in the Business News Forum
Since: Jun 13
#1 Jul 23, 2013
Faster than a speeding bullet. More powerful than a locomotive. And able to leap tall buildings in a single bound. It is wild and crazy market.
Above you see the treacherous fall into the close on Wednesday, followed by an equally, if not more impressive rise to the close on Thursday. This market really does move faster than a bullet. In an instant, it’s powering higher or lower and faking out technicians left, right and center.
What seems like cause for concern in the early morning has become cause for celebration by day’s end. But what is the cause? Maybe it is the bullish headline news that the “Fed Likely to Push Back on Market Expectations of Rate Increase.”
If you’re confused and unsure of the reason, you’re not alone. The precious metal of the last few millenia, gold, has been decidedly schizophrenic the past couple of days.
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