Financial topics

[richard5za]

Inflation as expected at 6.5%
My gut told me it would be lower than expected but I was wrong
Food at 10.4% remains high!

[richard5za]

Inflation as expected at 6.5%
My gut told me it would be lower than expected but I was wrong
Food at 10.4% remains high!

Bit of market turbulence right now so whether its an up day or down day remains to be seen. I am guessing up to abobe 4000

[aeden]

mflow coppock curve
done for the day book4 closed
we are picking up cow monday
double the garden this year

calls on select equity
brand on is nuts anyways

https://www.foxnews.com/politics/hunter ... den-center

they will screw it into the dirt like an augur no shovel needed

as for nyc 'drinking all day,' 'having sex in the stairs' in taxpayer-funded New York hotels

uniparty idiots cubed

[Cool Breeze]

I'm starting to short again around 3950. Very slowly. I will be doing less than 2 days ago on this second trip up to this level. If the market rises on tomorrow morning's CPI, I will add more.

Brought it to about 1/3 position on the further move up into the close. I will not be moving to 2/3 if there is a move into the second target zone of 4000+.

I suspect that 2023 is a choppy, short term trend year, rather than a year that has a direction as predicted by generational dynamics. I am seeing the 3900 to 4050 points as key to a year that will girate between 3240 and 4250. It may well be below the 3900 level for much of the year but should end at around 3900 to 4000. It could be a year of very profitable trading or a year of big losses, depending upon how one trades the price action. I have no doubt that earnings will be under pressure and will pave the way for the longer term fall in PE ratios. So lets see what happens.

I could see this. I do see it also going down towards 3100ish. At the end of the year it might bust through the 4100 level, when the pivot or other stuff the markets are hoping for finally comes in. Then over the near to mid term, realization that the economy is bad, will be bad, and stocks will just hover up and down for years, not really a way to make money or defeat the larger inflation coming after disinflation (as predicted).

[Cool Breeze]

Inflation as expected at 6.5%
My gut told me it would be lower than expected but I was wrong
Food at 10.4% remains high!

The next question is what does Powell (FOMC) do?

[aeden]

https://duckduckgo.com/?q=hedonic+quali ... nts&ia=web
1. Understand the Situation
2. Acknowledge the Problem
3. Patience
4. Keep the Communication Open

[aeden]

The gun store said the other day he is astonished at the number of women getting their concealed carry permit and decent weapons.
He said he's never seen anything like it.

NYC grocery stores consider locking up food due to rampant theft; workers are ‘traumatized.
Shampoo, toothpaste, and razor blades are all items that grocery stores have increasingly started locking behind counters. Soon, that list might include food.
People have no fear of coming to your store and stealing,” said Nelson Eusebio of the National Supermarket Association.

According to this farmer … the producers can’t cover their costs.

Go ahead laugh at those are paying attention.
Ministry of Persuasion.

[John]

Thursday, January 12th, 2023

I would caution everybody to be
extremely careful about investing in the
stock market. The graph below says that
we're still waiting for a panic -- also
known as a capitulation -- and a
subsequent crash, as in 1928-32.

[richard5za]

Thursday, January 12th, 2023

I would caution everybody to be
extremely careful about investing in the
stock market. The graph below says that
we're still waiting for a panic -- also
known as a capitulation -- and a
subsequent crash, as in 1928-32.

Agreed. Short term trading only with tight stop losses

[richard5za]

Whatever warning, lots of people will remain in the market. This from daily chart report

Today’s Chart of the Day was shared by Ian McMillan (@the_chart_life). The US Dollar Index ($DXY) dropped 1% to a fresh 7-month low today. More importantly, it closed firmly below $104, which represents the former highs from 2016 & 2020. As you probably know, the strong Dollar was one of the biggest headwinds for stocks and risk assets last year. Now that it's breaking down, it's no surprise that we're seeing stocks, gold, and crypto catch a bid. As Ian points out, it would be a major tailwind for the bulls if the Dollar Index continues to stay below $104