Looking at the drops so far, it's like looking at your Dad when he's removing his belt and telling you to bend over. Might be a long day, but I did think the same yesterday and we ended up green on the day!
Delayed gratification, what is it? My dad taught me in 1965 that it could be as long as 40 years. Today's prognosticators believe it could be as long as 4 months.
Not just tech stocks. Most everything of mine is down, overall 1.3%. That's worse than the DJIA (.38%), even with the S&P500, but admittedly much better than NASDAQ which is down close to 3%.
Is this the Biden bear we have been hearing about? For the record I'm a independent and could care less about the red/blue crap. The yields and VIX has been doing some spooky stuff lately. This markets seem to be overinflated to me but my guess is only a 50/50 spit in the wind.
Interesting side note. Last year I filled a flat tire with fix -a -flat. The Les Schwab guy told me you can ruin the sensor in the tire that sends a message to your dashboard. HAHA
Years ago, Yogi Berra once said "whether you have cash or money you will be able to either buy or spend".
Anything special about today? Hint, × 4 she flies on a broom. In other news, banks just got some bad news. Yields are still spooky. The latest COVID strain has concerns.
Have a good weekend guys, hope you guys made some money. Yields still look like will go higher so can't feel overly bullish on stocks here
Uncharted territory. I see a major malfunction at the junction. Some of these companies are going to move the jobs and money to more tax friendly countries. FORD is considering heading to Mexico with some desperately needed jobs here at home. Many more are sure to follow. Money can move American workers cant. The tax structure is fixing to a big burden on a already precariously balance system. As we finally unmask and get back to work, some of these jobs are forever gone and will put a strain on the workforce. The pipeline was shut down and obviously gas prices have spiked putting more pressure on peoples budget. National Debt obviously is not a concern because we are at levels never seen before and it will.take a LOT more to even try to start spinning our wheels. Will be interesting how the big players decide to push the markets. A lot of profit taking going on and the last dump of the banks have left even more retailers holding the bags. I will be alongside the hawks watching from the trees.
Thats the tough part here. If everybody was 100% bullish and the markets were pushing new highs, and the VIX is nearing record lows, everything is lining up for some kind of top. But the fact that so many are skeptical and ready to put on bear hats.. now you are confusing us!
