Stock Market is not logical

[Happy Hoosier]

18. Nope.

Markets that are fallng often lead to "bargain hunting" as the market looks for a bottom. That bargain hunting often happens at the beginning of the trading day. Bargain hunters are hoping to catch the bottom of the market. Bargain hunters start buying when they think the market is getting near the bottom. With the market at over 20% off highs, there's a chance it IS at or near the bottom. Without actual numbers verifying a recessionay impact, I doubt the market drop ALL that much further. But that's why you are seeing high volitility too... people are thinking the market is near the bottom, but are not certain. Usually bargain hunint dies out later in the day, which is why we saw a large sink in the afternoon yesterday. If it IS at the bottom, I'd expect a bump and then stabilization until the imact of the tariffs become clear.