There weren't that many positive earnings even. Microsoft had bad guidance and Apple had declining sales. Moody downgraded a bunch of banks. BlackRock CEO also just sold 7% of his shares again.
I was looking at my stock list and I'm seeing lots of companies that are half from their all time high. Target, Best Buy, Dominos, Pappa John, Ford, GM, Intel, SouthWest, Delta, AT&T. The ones that are solid solid like P&G, J&J, etc. are going sideways. How is the S&P 500 still near the all time high?
This doesn't seem right. Who in their right mind think it's good to have another crash? Can you imagine some of the companies I listed go lower? I can't imagine the tech companies that are 1/10th of their high.
You can't just put more money into companies like P&G, J&J, Exxon, United Health meanwhile the other companies are evaporating and say that the market is doing well.
[link] [comments] https://www.reddit.com/r/stocks/comments/15mqpr0/are_we_on_the_verge_of_another_crash/
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