DrStool Posted May 26, 2022 Author Report Share Posted May 26, 2022 2 hours ago, Jorma said: Well maybe QT will end in June. Why wait for trouble? 8% inflation is big trouble. Link to comment Share on other sites More sharing options...
DrStool Posted May 26, 2022 Author Report Share Posted May 26, 2022 25 minutes ago, sandy beach said: Fed minutes yesterday said participants believed we will still have a 2.8% GDP growth year. Kyle Bass says this morning "That's just not going to happen!" A lot of folks want to pretend we can end inflation without pain. It simply isn't possible. Quantitative tightening is going to be painful if they really want to crush inflation. It was painful in the early 1980s and it'll be painful again this year unless they just give up on their inflation mandate and prop up leveraged asset prices. This is the choice they're facing. I think it's binary. Can have one or the other. Not both or neither. Link to comment Share on other sites More sharing options...
DrStool Posted May 26, 2022 Author Report Share Posted May 26, 2022 3 hours ago, DrStool said: Now looks more like 4070. There's also a trendline there. I'm on a hot streak. Link to comment Share on other sites More sharing options...
DrStool Posted May 26, 2022 Author Report Share Posted May 26, 2022 The base pattern breakout measures to 4160. Link to comment Share on other sites More sharing options...
DrStool Posted May 26, 2022 Author Report Share Posted May 26, 2022 Gotta pull back first. I think from around 4080-85. Link to comment Share on other sites More sharing options...
DrStool Posted May 26, 2022 Author Report Share Posted May 26, 2022 5 hours ago, DrStool said: Last time my chart pick list had a near10% gain, the market reversed. So this time, I tightened the trailing stops to protect the gains. So far, so good. Percentage based on 100% cash, no margin, no options. Boring. Sorry. 9.4% on a 2 week average holding period? Am I allowed to project compounding? No. 😄😄😄 Even Steven in This Week’s Swing Trade Screens Energy stocks are surging. The list is now +10.2%. Link to comment Share on other sites More sharing options...
sandy beach Posted May 26, 2022 Report Share Posted May 26, 2022 The Gap (GPS) after hours... Link to comment Share on other sites More sharing options...
sandy beach Posted May 26, 2022 Report Share Posted May 26, 2022 Costco (COST) Beats! Link to comment Share on other sites More sharing options...
MisFit Kid Posted May 26, 2022 Report Share Posted May 26, 2022 3 minutes ago, sandy beach said: The Gap (GPS) after hours... Fall Into the Gap.........(was that not a jingle in the day?) Link to comment Share on other sites More sharing options...
Jimbo Posted May 27, 2022 Report Share Posted May 27, 2022 ON THE OTEHR SIDE OF THE WAVE The 40% M2 print from March 2020 onwards was a varitable tsunami of money. It pushed stocks and bonds and houses way above reasonable values. Since the start of 2022 we have been "on the other side of the wave" Going down. The retailers are surfers on the wave. We have not reached the bottom yet. But there will be rallies!!!!!! Take Costco for instance Sells for 37 PE and 40 times free cash flow. Clearly worth about 100 B NOT the 200 B it is currently valued at. So many of the large cap stocks still have significant PONZI values in their stocks that need to be burned away. Link to comment Share on other sites More sharing options...
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