@Trader_mcaruso I think it's possible you are correct. However we need to see it falling and falling significantly before getting optimistic about accepting higher PE
What signs of peak inflation are you talking about? You do realize the Fed doesn't want 7.7% yoy, right? They don't want 250k+ monthly jobs added, right? Sure, the Fed slows, but they aren't stopping. And high PE isn't gonna be in favor for long hold for a while. If trading, ok.
Today is significant. Inflation finally came in lower than expectations and the market action shows intense buying. As I've pointed out, the market is likely to bottom with peak inflation similar to the 1970s - and signs of peak inflation are showing. New leaders emerging...
Lastly, and I'll bury this point under a rant. The Fed isn't stopping anytime soon. They are looking at a number that very few else are paying attention to. The number remains 2.5 to 5x higher than what they want. Expect min 75bps hikes with 1.0 not out of the discussion.
I'm coming to realize the brevity and danger of a few large funds, not to be named, that are throwing their bil/trillion dollar weight around and controlling the future of our people. They allocate most of their clients' funds into bs ESG companies. If you don't toe the line,
Reason I say to be careful is that these funds move markets. And if/when people wake up to the shenanigans, this house of cards will crumble. But until the average passive investor stops, what you are seeing will continue
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I know I haven't tweeted in a while. Two full time jobs got me slammed. But thoughts on the market: if you think the bottom is in, just venmo me your cash before you send it to the market maker. Yes, the market signals a bottom before the economy, but not yet
Dudes a financial accountant by day, massage therapist by night. Can find home on Backpage.
Bottoming phase lol. There are global economic issues right now. We are literally in the first quarter. 3 more quarters to play.
This is coming from an uberBull. Understand macro ppl
A lot of quality names have bottomed or are in their bottoming phase. Great companies are setting up epic opportunities for when this general bear market fully ends. Get the doom out of your eyes and seek out these opportunities
@Trader_mcaruso You really think stocks are bottoming when the full effects of European mess is just starting? When the rates haven't even flattened out? When the employment hasn't slowed?
Dude. The gains in the market for the last decade have been because of the Fed policy. FYI it's diff now
Give me a show of hands if you've been through 2000 and 2008. Anyone that says "xx years of ..." Listen folks. No one has been through a Fed unwinding. No one knows how it will end up. NO ONE! Don't listen to folks just cause they are still around...
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Everyone talking about congress mean and women and trading stocks. I have an answer. Make them live stream their account all day every day. That way we can all participate in insider trading. At some point, it ain't insider anymore.
Tradable bottoms in bear markets are there, and can be fun. But beware that now is not the time to get aggressive long. I will be back when I believe it's time. Now is the time to raise cash for that day
I know I haven't tweeted in a while. Two full time jobs got me slammed. But thoughts on the market: if you think the bottom is in, just venmo me your cash before you send it to the market maker. Yes, the market signals a bottom before the economy, but not yet