Stocks Touted Online! Back Up the Truck!

Discussion in 'Stocks' started by easymon1, Mar 31, 2023.

  1. easymon1

    easymon1

  2. easymon1

    easymon1

  3. That's a good post but I would urge anybody holding stocks over night to use an extra measure of caution. There is a point in bull-bear cycles that the siren's song of the bear has an uncanny ability to reduce the equity value of many traders.

    The FED is on a mission to "kill" inflation.
    That was easy enough when Biden was emptying the Strategic Petroleum Reserve.
    But I think that card had been fully or mostly played out.

    The classic definition of inflation is
    "too much money chasing too few goods"
    So the obvious solutions are
    1) reduce the amount of money (which is very difficult due to the National Debt)
    or
    2) increase the amount of goods (meaning "drill for oil in the U.S."- not going to happen)

    3) The FED's solution: drive the economy into recession.

    Anyway, looks like the FED's personalized dragon might be waking up.
    GLTA

    $WTIC.jpg
     
    nitrene likes this.
  4. nitrene

    nitrene

    This tech rally doesn't make a lot of sense. Its hard to believe it is sustainable since the 2 year is still at 4%. But I see a lot permabulls on bubblevision calling for S&P 500 at 4600 by year end. I can only assume they believe QE is right around the corner.
     
  5. Just need another poorly run bank to go under so the Fed can throw a trillion back into the system and they don’t even have to touch rates
     
    countryBoy641 likes this.
  6. %%
    I'll take your word on the ''TV calls'' LOL
    Stock Traders Almanac [Mr Hirsch] JAN forecaster up JAN= SPY up 88% of time.
    I dont watch much TV\LOL:D:D
    Sure 1987+ 2009 were notable exceptions, to 88% so it can fail big, when it fails.
    Good thing about not watching much TV, dont get confused with not knowing the difference between rally + uptrend.
    Not a prediction+ like one oil trader noted =''oil has no earnings''
     
    countryBoy641 likes this.