This market reminds me of a chain saw running out of gas. It will sputter and every now and it will rev up on the lean mixture but it is out of gas. And now we don't have extra gas to pour into it.
Patriotism (and religion) is the last refuge of a scoundrel.
This market reminds me of a chain saw running out of gas. It will sputter and every now and it will rev up on the lean mixture but it is out of gas. And now we don't have extra gas to pour into it.
Country boy analogy. Good one.
You may be right but some folks are evidently seeing value after the most recent past of their abandoning growth stocks in droves.
Futures up nicely for Thursday. Yesterday’s FED mtg had no surprises and they were consistent in their message for this summer on rate raising.
Friday’s (tomorrow) FOMC meeting notes and consumer spending data will be the next bridge to cross. If good then the value stocks and markets should benefit. If not good the markets will head back towards the crapper.
The increase in interest rates will not do anything to inflation, because it's a supply shortage, not excess buying.
The fed knows this.
By raising rates, they are making inflation worse, because it's making production costs rise.
They are powerless and they know it.
Powell will stop raising sooner rather than later, as there is an election coming up.
Second, as war heats up in Europe, that capital will look for somewhere to go....US stock market.
That probably will happen in 23.
Certainly agree that supply disruptions due to Covid are playing a role, but you don't think that all the dollars injected into the economy have anything to do with it?
The biggest problem our country has is not systemic racism, it's systemic stupidity.
Still, what else are you going to invest in? RE is extremely high, Savings rates are @ 1% or less. I'm still buying. I think in the end America will overcome the current administration and prosper again. If not, then money is really not going to matter. Not day trading, looking several years to a decade into the future......
A true sportsman counts his achievements in proportion to the effort involved and fairness of the sport. - S. Pope
And today ? The stock market proves you cant time the dumb thing. However, I thing the tech buyers are creating snother dead cat bounce down the road. The high dividend stock are fairly valued while tech and growth should have went down 50% from the top and that would have been another 23%?. As for me, I dumped 2/3 of my British Petroleum and bought some hospital REITS, some other REITS, and some bonds. About 5% went into a closed end fund that pays 9% divies and pays out monthly.
But the fruits of the spirit is love, joy, peace, patience, kindness, goodness,faithfulness, Gentleness and self control. Against such things there is no law. Galations 5: 22&23
Ribka, Greg has that Mannarino Market Risk Indicator. (DXY = 101.64) * (TNX = 2.743) / 1.61 is the equation he shows. Any idea where the 1.61 comes from?
@jameslavish
If you work 40 hrs/wk: at 5% inflation and after 5 years, you need a 28% pay raise or to work 44 more hours (*one full extra week* per month+) to make up the difference.
