{"id":519,"date":"2018-02-06T19:19:37","date_gmt":"2018-02-07T00:19:37","guid":{"rendered":"http:\/\/stockpicks4you.com\/?p=519"},"modified":"2018-02-06T19:19:37","modified_gmt":"2018-02-07T00:19:37","slug":"the-great-crash-of-2018","status":"publish","type":"post","link":"https:\/\/stockpicks4you.com\/index.php\/2018\/02\/06\/the-great-crash-of-2018\/","title":{"rendered":"The Great “Crash” of 2018"},"content":{"rendered":"

The amount of hysteria displayed among all parties is astounding. The market is down less than 10%. Yet even the white house chimed in on the down stock market. The correction approaching is long over due. I said so here<\/a> and here<\/a>. I also believe this correction is going to last a few weeks. Below are some charts of the Dow.
\n\"\" \"\"
\nThe first issue is the amount of small speculators who are wildly bullish. This is the “dumb” money. Second the RSI hit above 90. As far as I remember, I have never seen it this high.
\nThe market is in the process of unwinding this overbought condition. It will take time. Further down side is to be expected. This should be used as a time of accumulation. The elements of a 2008 style recession are just not there. The market is ever changing. Therefore, my opinion is subject to change. A few months from now conditions could be different. Especially if the Fed begins to unwind its balance sheet.<\/p>\n","protected":false},"excerpt":{"rendered":"

The amount of hysteria displayed among all parties is astounding. The market is down less than 10%. Yet even the white house chimed in on the down stock market. The correction approaching is long over due. I said so here and here. I also believe this correction is going to last a few weeks. Below … Continue reading The Great “Crash” of 2018<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-519","post","type-post","status-publish","format-standard","hentry","category-economy"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9wXzO-8n","jetpack_likes_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/posts\/519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/comments?post=519"}],"version-history":[{"count":1,"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/posts\/519\/revisions"}],"predecessor-version":[{"id":522,"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/posts\/519\/revisions\/522"}],"wp:attachment":[{"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/media?parent=519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/categories?post=519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockpicks4you.com\/index.php\/wp-json\/wp\/v2\/tags?post=519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}