In a preliminary look at Monday's social mood and stock market, a sudden change is seen showing up sometime Sunday/Monday. This big shift, as it looks now, would translate into a 200-300 point drop in the DOW or about 24 points in the S&P on Monday. What could cause such a mad rush out of the markets?
There may be several causes attributed to such a shift. Some may blame it on the uncertainty surrounding the upcoming Fed meeting. Or, it may be simply because collective mood has changed and is turning to a more protective or fearful place.
It also happens that there are quite a few "disasters" in the news right now (e.g. Colorado flooding, New Jersey boardwalk fire). Would a market drop be seen as one more of these "disasters" right now? Or, possibly, would something else be attributed as the immediate cause of such a market drop? (BTW-- we cautioned about an upcoming "disaster season" indicated by collective mood back on September 3).
FYI- Below are the preliminary mood and market charts for Monday. The abrupt change on Sunday is clear in the social mood signal as well as the one from the mood portrayed in the news.
There may be several causes attributed to such a shift. Some may blame it on the uncertainty surrounding the upcoming Fed meeting. Or, it may be simply because collective mood has changed and is turning to a more protective or fearful place.
It also happens that there are quite a few "disasters" in the news right now (e.g. Colorado flooding, New Jersey boardwalk fire). Would a market drop be seen as one more of these "disasters" right now? Or, possibly, would something else be attributed as the immediate cause of such a market drop? (BTW-- we cautioned about an upcoming "disaster season" indicated by collective mood back on September 3).
FYI- Below are the preliminary mood and market charts for Monday. The abrupt change on Sunday is clear in the social mood signal as well as the one from the mood portrayed in the news.
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