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Lots of Concern. Too Much.


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#1 OEXCHAOS

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Posted 22 November 2019 - 10:09 AM

A friend of mine (who trades big money in commods) shared this with me yesterday.

"Today, I've been getting messages and emails (>15) from friends who are worried about the stock market. They are afraid that it is getting hammered and going down. My friends are what one would consider to be the general public and not in the investment, trading or banking or any financial business. I mention that the S&P is only 0.77% off the all time high and any obituaries are a bit premature. The market has had a helluva run as of late and the past 3 days is not even a bump in the road."

Now, this does NOT preclude a correction (in fact, I'm looking for one), but this mentality suggests that there's a remarkably high level of pessimism about the market (and probably the economy).

 

The prospect for a Bear Market looks about as slim as it can be, currently.

 

Mark


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#2 da_cheif

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Posted 23 November 2019 - 12:36 AM

from  high to low the correction was 415 dow pts    the 10 day clx now positioned  to turn back up....the line in the dow around 28450 is a magnet



#3 tsharp

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Posted 23 November 2019 - 05:41 PM

from  high to low the correction was 415 dow pts    the 10 day clx now positioned  to turn back up....the line in the dow around 28450 is a magnet

 

Dow looks like 28,800-29,000 by year's end to me:

 

Dow-D-11-22-19.jpg



#4 SemiBizz

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Posted 24 November 2019 - 11:33 AM

All it shows is the market is NOT BULLISH ENOUGH...

 

All that talk is BULLISH...

 

as long as it works, they are going to continue to use Trade War as short term zigzags stimulation...

 

In the bigger picture is Fire hoses of cash spraying into the market, floating these bloat-ships...

 

So until they stop that, or until a "structural event" like DB sucks the market into a counterparty black hole...

 

No matter what the news, they are going to continue to buy semiconductors EVERY MORNING until Europe closes...

 

They just LOVE chips over there... and AAPL... then US bankers take over...relentless buying every dip.

 

So until that stops, and some nightmare is realized, this is going to continue for a long time...


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