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Wending 2/10/22

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1 minute ago, sandy beach said:

The daily 50 day moving average looks like will drop below the 200 day moving average on the Nasdaq any day now. Is that bad?



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It's called a death cross. Meaningless in bull or rangebound markets. Often near a short term bottom, but tends to be early or late in a bear market.  

Therefore, of no practical use that I can think of. You have two different lags.  

More important on that chart is that price broke the 200 recovered, but failed to recapture it, and it's about to roll over. That's a very bearish sequence. 

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The apartment market here is as insane as the market in FL. My house is under contract already at 4% above my axing price. And as I'm looking for something to buy here, all the listings that I had liked are suddenly sold. And not much new is coming online. 


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I've been warning for 18 months to stay away from fixed income. In the interview with Tom Bodrovics, he asked me what I liked. That was December 28. I said cash for the time being, but that getting short was the other option.  

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