My friend above had a bit of a party on the first couple of days here in 2024.  Recall, I had warned that the first quarter of 2024 might experience indigestion.

 This is the year of the DRAGON in Far East beginning February 10. The Dragon symbolizes power, nobleness, honor, luck, and success in traditional Chinese culture. The Dragon is a supernatural being with no parallel for talent and excellence. As I stated, the Dragon appears in many ancient cultures with a similar name. One view that the dragon represents spaceships that visited the earth and were described as dragons due to the misunderstanding of technology.

GENERAL NEWS:

U.S. Stocks See Further Downside As Fed Minutes Highlight Uncertainty

After kicking off the new year on a downbeat note, stocks saw further downside over the course of the trading session on Wednesday. The major averages all fell on the day, with the tech-heavy Nasdaq closing lower for the fourth consecutive session.

The major averages dropped to new lows for the session […]

My friend above had a bit of a party on the first trading day of 2024.

This is the year of the DRAGON in Far East beginning February 10. The Dragon symbolizes power, nobleness, honor, luck, and success in traditional Chinese culture. The Dragon is a supernatural being with no parallel for talent and excellence. The Dragon appears in many ancient cultures with a similar name. One view that the dragon represents spaceships that visited the earth and were described as dragons due to the misunderstanding of technology.

GENERAL NEWS:

Stocks moved mostly lower during trading on Tuesday, extending the pullback seen in the final trading session of 2023. The Nasdaq showed a particularly steep drop, reflecting notable weakness among tech stocks.

The Nasdaq plunged 245.41 points or 1.6 percent to 14,765.94, continuing to give back ground after ending last Wednesday’s trading at its best closing level in almost two years. The S&P 500 also slid 27.00 points or 0.6 percent […]