OOPSY. Looks like the buy the dippers got fooled. Today was a wild ride. I see it getting worse before it gets better, just my opinion in the matter. Bad situation at the border among many other snafus. Going to take TRILLIONS more to get us out of this mess. Harry Dent might be right this time. I'm still mostly cash waiting on the crash.
Yields are creeping up again. VIX is slightly above the 20 mark. Unemployment numbers are going to be in focus and we have another auction today. Futures are mostly flat. Let the chips fall as they may.
1 wk map, TSLA being one of the more overinflated stocks in a while has been giving some back all week long
We have a mess on our hands. The border crisis, now the SUEZ CANAL jam, the TRILLIONS that still need to be printed to help jump start the economy. Free money is drying up for the big banks, obviously they are taking profits. The list is endless, new tax structure, China,Russia and North Korea are testing the new administration. I'm not political, actually a independent that could care less about the red/ blue crap but we have NEVER been at these levels before. Contrary to popular belief the FED doesn't control rates or inflation, they can only attempt and they are running out of tools.
He is a trip going up steps I'm just glad he can still talk. Was beginning to wonder. Market recovered for the day, have to wait and see if it was a suckers rally. On a side note, the huge canal jam is going to put a short term strain on things. BILLIONS in cargo shut down or forced to take the long route.
Yield is creeping up again. VIX is below 20 again Futures are somewhat flat. Yesterday afternoon we witnessed a strong recovery from a bloody start. Suckers rally or a sign of better times. You be the judge, let the chips fall as they may.
No worries, I'll just follow the trend and be neutral on the market as a whole, but lean bearish on tech
Short term I remain on the bearish side, nothing I see gets me excited just yet. NASDAQ has a few targets in my sight. The value investor side of me points to being more patient. Noticed a lot of profits being taken lately and the buy the dippers are having a blast. I prefer to be patient and observe the past.
