Gary Poster, with essential assists from Galyn Norwood, Phiroon Phihakendr, Jose Quijada, Pavandeep Kalra. But the market's mood improved as the day wore on, and in the last hour of trading, the Nas-Tech rebounded to close up 53.28 at 3940.35. It was up all day, and closed solidly up 201.66 at 10940.53. I think it all depends on what the Fed does tomorrow. This market has broken all three of them.
Interest rates are just the latest example.
All last year, the market ignored them, despite the fact that rising rates are supposed to be a sure sign of the bull's imminent death. Today, this economic expansion officially became the longest in US history at 107 months. Here's one that better get broken. On the other hand, presidential election years are supposed to be good for stocks. And according to SuperBowl Theory, it's supposed to be good that the Rams, a National Conference team, won the SuperBowl.