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MisFit Kid

3300 or Bust (Part III) - Moday 2/24/2020

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APPLE....THE MULTIPLE EXPANSION FILES

Apple is simply over priced at current levels

There is no way around this simple fact.

Its been fundamentally a multiple expansion story.

From 6 times FCF to 24 times FCF in 7 years.

(FCF - free cash flow).

Multiple expansion comes to an end eventually.

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8 hours ago, MisFit Kid said:

Futures showing SPX 3300..........

Do you really think it will get that high? 

 
 

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Just suppose that TNX turns up this week. Just suppose.  I mean I'm not predicting it.  Just saying. In other words the big one.  

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SPX 5 day cycle projection 3240. Done in the fucutures. 

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Trump's popularity has followed the Dow. 

How can it be that we live in a country where 49% of the people think that the destruction of the Constitution and a President above the law is just fine?

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I'll tell you what. I think that living in an overt dictatorship is probably better than a fake, dying democracy. 

 

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At least with the open dictatorship, you know for sure that they're out to get you.  

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I'm a bit surprised by the power and speed of this drop. 

OK, more than a bit. I knew we were primed for some short term weakness. But 800 points in a day? Hell no. I think that they'll recover most of this, if not by the close, by the end of the week. On the other hand, if they take out the morning low, then we are in an honest to goodness crashola. 

 

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What irony it would be if the stock market saves us from this monster. 

By crashing. 

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6 hours ago, DrStool said:

Do you really think it will get that high? 

 

 
US500 Chart by TradingView

when I typed the opening Title,

SPX was 3295 and now it is BUST......

>: never underestimate the power of "them"

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I was just being a doofus. 

What else is new? 

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maybe this Corona bear virus is the real thing. you know the death of the human race.

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