Hi....WOW wow and wow....I certainly hope/pray that you are right. Look I have been short for a while now, even during October (lost a chunk of my profit) but lately I'm not convinced this will go down much further. I don't think "they" will let it drop that hard and far (soft landing???) Even the month of October was 'manipulated' by the Fed and Co' what's to say they won't keep pumping this. I think the best is +/- 31k - can't see it going lower now. Also with Sant rally upon us, and it almost ALWAYS goes up, NO MATTER WHAT. Only been down 3 times in 20 years in December Also with today's CPI data - things could go PARABOLIC upwards.....so with CPI and Santa rally anything can happen. Remembering that at the moment Wall St will PUMP and PUMP hard on ANY shred/minuscule of so-called "positive/good' news/numbers..... Thanks for sharing Cheers
talisman308
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@Laurent10, Your opinion could be right if the economic and political situation in the world is normal.
The situation in the world is getting tense day by day. economy in all countries is graying. inflation is at peak levels. If the Fed raises the stock market there will be mega inflation, the way to prevent inflation is to lower the stock market and that is normal.
house, service, food and other prices are rising every day. and the news reports a 0.1% drop in inflation as super news. to keep positive. but the FED knows very well that the situation is critical.
Laurent10
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@talisman308, Hi there...I FULLY agree with you on the world situation....EVERYTHING is bad, and only gonna get worse in my opinion -YET the bloody markets are not reflecting this. Sure it dropped from 37k to 29k...but that was in a way pre-bad news etc...now we find ourselves at the edge of 'darkness' and the market shot back up from 29k to 34k = doesn't say/reflect the bad economy/world that we are living in.....I mean CPI was like 7,7 instead of what 9 or something and the markets shoot up like ALL IS GOOD....nah, something is wrong. And "they" are shit scared of it dropping to these levels....I think they will do anything to prevent such a drop....
wormmaster2021
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@Laurent10, I believe that this is similar to Newton's first law of motion, because there has been such a long and continuous bull market run until the end of last year, the momentum has continued, but is close to running out. An intense bull market has been the only thing new traders/investors are familiar with, and younger traders have yet to feel the pain of a real bear market vs. a correction. The momentum to me feels a lot like the crypto bull market, before the bear market last year, even after the market began it's initial downturn, there were still big bullish optimistic pushes, defying some of the underlying fundamentals. Then the bottom dropped hard and has just recently started to see capitulation. The Fed's frictional forces are at play and will eventually (soon by eoy is my belief) result in enough counter force to begin negative acceleration, dropping the market hard and causing the expected pain that the Fed has prophesized to play out.
Laurent10
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@wormmaster2021, Hi...I agree, been a bear market for years, what is the big deal having a bear market to stabilize and reset EVERYTHING, can't just keep going up forever.
talisman308
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@Laurent10, I think it is important for the stock markets to fall, this will prevent overheated inflation and help stabilize the economic situation.
Laurent10
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@talisman308, You know what, been saying this for months...I FULLY concur that the markets need a pretty big/major reset, ABSOLUTELY. I think it will be good for 'everyone' and not just the elite/select 1%......I am expecting a major correction, but lately I am super frustrated by the DJ/S&P that keep going up, AND that every short/drop/sell gets taken out/bought.....
Cheers thanks for your feedback and insight - much appreciated.
talisman308
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this rally is speculation. it does not reflect the real economic situation. The hidden hand raises the stock market and there will be a hard fall. There is a big spike in the stock market
lillychiu
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@talisman308, I would hope that you are right about it, as I just bought DIA put option exp Jan 20 2023.
I don't think "they" will let it drop that hard and far (soft landing???)
Even the month of October was 'manipulated' by the Fed and Co' what's to say they won't keep pumping this.
I think the best is +/- 31k - can't see it going lower now.
Also with Sant rally upon us, and it almost ALWAYS goes up, NO MATTER WHAT. Only been down 3 times in 20 years in December
Also with today's CPI data - things could go PARABOLIC upwards.....so with CPI and Santa rally anything can happen.
Remembering that at the moment Wall St will PUMP and PUMP hard on ANY shred/minuscule of so-called "positive/good' news/numbers.....
Thanks for sharing
Cheers