BreakOut

You nailed it. Looks like Fed week has been downsized to Fed day.

Oh, those crazy “investors”.

Back of the envelope proctology points to 3500 as the next target (1.61 x move from January peak to today’s new 52 week low) subtracted from the March high. (Oops 4056 was the intraday 52 week low. Apologies to TS Elliott and Primary Wave 3 of 1)

Pas de connerie aujourd’hui.

I’m re-reading The Great Gatsby and this reads like a page out of it.

Freud knew his …

“Money Magazine Says 10 Year Yield May Hit 10%! 4/25/22” Textbook headline for a counter-trend rally, even if it turns out to be right.

April Fools!

Your chart looks like liquidity sloshing around in my emptying gas tank.

Meaty stuff. “My heirs will inherit a pied-a-terre on the French Riviera. “ Not bad at all.

Warren’s all-in buy on Oxy is still a bit of a head scratcher for me. Sure, he was already in big, but he keeps adding more, as J pointed out. They are unhedged, so the current oil and NG windfall goes right to their bottom line. Still, Using late 2021 oil prices and recent 10-k, the present value of future cash flows is only around $31 per share. Moody’s recently upgraded the substantial debt, but it is still “speculative” grade. Timing is everything, they say. And Warren has better info than I do.

Et plus de pain, s’il vous plait.

Thanks for the update. God bless us all.

Classic phrasure.