Wedbush analyst Dan Ives minced no words to decry what he called an ongoing trend at the moment: “a rapid shift in the stock market over the last year.” Instead, Ives put to rest his claim that the market was on track to be “shaking” for years to come.
When Ives told analysts what he had witnessed, he was referring to a “firm investment” – the one that had been made over a decade ago with a $100K dividend. When Ives spoke of “real” investors, he wasn’t referring to a single investment. He mentioned a few. “I’ve been around and around and around,” he said.
If everyone was to assume the market was in a “shaking” state, we could have a hard time equating the changes in the stock market over the last year to what they were a decade ago. If everyone had expected the economy to be in an “unshakable” place, and if people were to be assured of their ability to make gains in the market after the downturn, maybe there would be no question of the markets turning on or off.