Stock Market correction this August
It is happening, just like I said in a previous post that I put out months ago.
The stock market is due for a correction this August. Not a crash, just a nice downturn. I'm hoping for 10%-20% because I went short the DJIA a few days ago.
Why is this happening? Well "the story" is North Korea did it!!! HA! Let's blame OUR stock market on NORTH KOREA! Because they are the enemy! They are the reason our people aren't the best at math too!
Look at this image.
This is Google's basic chart of Apple stock, max view. If this doesn't make you laugh, then you aren't that into the financial markets.
Apple basically is the DJIA. Now, do you see a ... um... pattern with this chart? Could this be a reason for the downturn? Hmm.
Not to mention that Apple has problems ahead. Their earnings report was "better than expected" but that was because of services they offer, not due to device sales, which are declining. Apple is not even in the top 5 vendors in China anymore.
So, yea stop blaming North Korea for our problems. They are nothing more than a scapegoat because our financial media can't say that we actually have our own problems.
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This bull run is pretty ridiculous. Nothing can go up in a straight line, and a correction is loooong overdue.