Financial topics
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Re: Financial topics
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!
My gut told me it would be lower than expected but I was wrong
Food at 10.4% remains high!
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- Posts: 898
- Joined: Sun Sep 21, 2008 10:29 am
- Location: South Africa
Re: Financial topics
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 4000richard5za wrote: Thu Jan 12, 2023 9:48 am 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!
Re: Financial topics
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
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
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Re: Financial topics
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).richard5za wrote: Thu Jan 12, 2023 8:58 amI 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.Higgenbotham wrote: Wed Jan 11, 2023 8:53 pmBrought 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+.Higgenbotham wrote: Wed Jan 11, 2023 3:33 pm
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.
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Re: Financial topics
The next question is what does Powell (FOMC) do?richard5za wrote: Thu Jan 12, 2023 9:48 am 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!
Re: Financial topics
https://duckduckgo.com/?q=hedonic+quali ... nts&ia=web
1. Understand the Situation
2. Acknowledge the Problem
3. Patience
4. Keep the Communication Open
1. Understand the Situation
2. Acknowledge the Problem
3. Patience
4. Keep the Communication Open
Re: Financial topics
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.
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.
Re: Financial topics
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.

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.

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- Location: South Africa
Re: Financial topics
Agreed. Short term trading only with tight stop lossesJohn wrote: Thu Jan 12, 2023 4:24 pm 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.
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- Posts: 898
- Joined: Sun Sep 21, 2008 10:29 am
- Location: South Africa
Re: Financial topics
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 $104
Today’s Chart of the Day was shared by Ian McMillan (@the_chart_life). The US Dollar Index ($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
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