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Bernardo de La Paz

(52,387 posts)
4. Dow is a bad indicator of the market, old-school, too narrow. Anyway it was down 1.43 percent
Mon Feb 3, 2025, 11:47 AM
Feb 3

Dow down 1.43% and Nasdaq was down 2.5%, which are definitely "out of the ordinary". They have both recovered somewhat, as has the S&P 500, which is a better indicator these days.

And your use of terminology is scrambled. "bottoming out" is not in evidence or a factor. This is the top of a bull market, though it might even go a bit higher in next few weeks to new records.

The correct terminology is "topping out". That what happens when markets get too high, as they are now.

If you think the market went down today and then rose, you could correctly say that regarding only the trading today, it bottomed out and then rose.

But I think you are using "bottoming out" as a synonym for "the start of a long decline". You don't see a long decline in the cards, so you said you didn't see "bottoming out".

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