And there it is, so glad I was loading into all that end of the
world talk. 246 points so far off the 4,062 bottom to today's high.
Plenty of money to be made in many areas. I'd be shocked if it just
moved straight back down after a power move like this today. This
isn't a one day looking candle. A lot of people are off sides here
now whether not long enough or short at extremes.
This argument does make sense. Correction started Feb 2021 in
growth stocks. IF bear markets last 1-2 years as Matt said, may be
we are turning a corner or at least getting close in 6-12
months
as I said, I'm expecting still higher prices and we had a
symmetry break - so it may take some time to play out with an ABC
like move higher low -
we had nice long legged doji candlesticks on Monday on SPX, Dow,
XLF - you generally get a good move from that. And like you said,
tons of bearishness and in these bear markets you tend to get what
I call 'rip your face off rallies' this kind of stuff is typical in
bear markets
Bears gotta be wondering if that was the bottom though, it has
to be in the back of their minds. Inflation reading will also be
better and the peak inflation argument will be out there. Buffet
bought $41 billion recently in assets. Climbing the wall of worry?
Gotta stay balanced and not assume this has to resolve lower. It
certainly can, though we are starting to repeat the same stuff over
and over. Earnings reports have been fairly good and many areas
already destroyed over the last few years internally.
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And there it is, so
Posted by fundamentalvalues on 4th of May 2022 at 05:10 pm
And there it is, so glad I was loading into all that end of the world talk. 246 points so far off the 4,062 bottom to today's high. Plenty of money to be made in many areas. I'd be shocked if it just moved straight back down after a power move like this today. This isn't a one day looking candle. A lot of people are off sides here now whether not long enough or short at extremes.
This argument does make sense.
Posted by arun on 4th of May 2022 at 05:44 pm
This argument does make sense. Correction started Feb 2021 in growth stocks. IF bear markets last 1-2 years as Matt said, may be we are turning a corner or at least getting close in 6-12 months
as I said, I'm expecting
Posted by matt on 4th of May 2022 at 05:22 pm
as I said, I'm expecting still higher prices and we had a symmetry break - so it may take some time to play out with an ABC like move higher low -
we had nice long legged doji candlesticks on Monday on SPX, Dow, XLF - you generally get a good move from that. And like you said, tons of bearishness and in these bear markets you tend to get what I call 'rip your face off rallies' this kind of stuff is typical in bear markets
Bears gotta be wondering if
Posted by fundamentalvalues on 4th of May 2022 at 05:26 pm
Bears gotta be wondering if that was the bottom though, it has to be in the back of their minds. Inflation reading will also be better and the peak inflation argument will be out there. Buffet bought $41 billion recently in assets. Climbing the wall of worry? Gotta stay balanced and not assume this has to resolve lower. It certainly can, though we are starting to repeat the same stuff over and over. Earnings reports have been fairly good and many areas already destroyed over the last few years internally.