The buy the dip for markets remains but have you seen how much big Tech is supporting it all?
Joel Elconin, Co-Host of the Benzinga Pre-Market Prep Show joins us to wrap up the week of trading for US Markets. After a quick selloff on the back of the Fed taper talk from the recent meeting minutes, the markets snapped back today. More buy the dip for US markets. We also focus on just how important big Tech stocks are for the overall support of the broad averages.
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Mark 8:36
For what shall it profit a man, if he shall gain the whole world, and lose his own soul?
2 Timothy 3
1 This know also, that in the last days perilous times shall come.
2 For men shall be lovers of their own selves, covetous, boasters, proud, blasphemers, disobedient to parents, unthankful, unholy,
3 Without natural affection, trucebreakers, false accusers, incontinent, fierce, despisers of those that are good,
4 Traitors, heady, highminded, lovers of pleasures more than lovers of God;
5 Having a form of godliness, but denying the power thereof: from such turn away.
6 For of this sort are they which creep into houses, and lead captive silly women laden with sins, led away with divers lusts,
7 Ever learning, and never able to come to the knowledge of the truth.
The majority of people fully expect The Big Bull Market to go on and on. Big Tech is in the drivers seat. Technology offers dreams of a better material life. But somehow I think we are selling our souls to the devil.