I think the current crop of economists setting policy for the last few years are to economics and the market what TD Lysenko was to Soviet agriculture. Either that or they hate us. Which is more likely?
You were issued your 1st disinformation warning yesterday : ) Agreed, this level needs to be taken out without a minor low fail push higher. But I'm highly suspecting buyers to come in to save the day (at least for awhile).
Then 3000 is the target. But, honestly, I'm so conditioned from buy responses, that I'm finding it hard to short. Maybe it will be easier once 4000 is in the rearview mirror.
So to reference back to a previous post, "STFR" and prepare to weather the coming storm? The economy is not "the market", though they do tend to behave the same at times. Outside of cash, food and necessities, any general thoughts on where to start or stay invested? Just wondering your thoughts. Thx.
I've tended to agree with you..except, everything you mention is already in the market. We know it needs to go up "on a wall of worry". We certainly have that now..
Agreed. We are in a Catch-22. Our economy is based on lending. Interest rates have to be raised due to inflation, or it is lunacy to lend. When lending stops (either because its unprofitable for the lender, or too expensive for the borrower, or both), the economy will crash. They are hoping for a soft landing, but when people figure it out en mass, the psychology of it will result in a mad rush for the exits, as nobody want to be left holding the bag. The only way to stop that is to print money, leading to yet more inflation resulting in a vicious cycle downward spiral. It will be devastating.
"The S+P is headed to 3200-3800." At what level are you a buyer and what are the dependencies?
I think they go to 3200 and you start buying em around 3600 scaling in.
I think the current crop of economists setting policy for the last few years are to economics and the market what TD Lysenko was to Soviet agriculture. Either that or they hate us. Which is more likely?
You were issued your 1st disinformation warning yesterday : ) Agreed, this level needs to be taken out without a minor low fail push higher. But I'm highly suspecting buyers to come in to save the day (at least for awhile).
Then 3000 is the target. But, honestly, I'm so conditioned from buy responses, that I'm finding it hard to short. Maybe it will be easier once 4000 is in the rearview mirror.
Have a great weekend.
So to reference back to a previous post, "STFR" and prepare to weather the coming storm? The economy is not "the market", though they do tend to behave the same at times. Outside of cash, food and necessities, any general thoughts on where to start or stay invested? Just wondering your thoughts. Thx.
I've tended to agree with you..except, everything you mention is already in the market. We know it needs to go up "on a wall of worry". We certainly have that now..
Agreed. We are in a Catch-22. Our economy is based on lending. Interest rates have to be raised due to inflation, or it is lunacy to lend. When lending stops (either because its unprofitable for the lender, or too expensive for the borrower, or both), the economy will crash. They are hoping for a soft landing, but when people figure it out en mass, the psychology of it will result in a mad rush for the exits, as nobody want to be left holding the bag. The only way to stop that is to print money, leading to yet more inflation resulting in a vicious cycle downward spiral. It will be devastating.