The market swing-bottomed ............
my guess is it just topped fwiw
Started by
gannman
, Jun 30 2020 12:18 PM
28 replies to this topic
#12
Darris
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Posted 30 June 2020 - 02:24 PM
Sell Bonds, buy Stocks. Jerry Siegel, worth a listen.
https://ritholtz.com/2020/06/mib-jeremy-siegel-covid-market/
I agree with JS. I am in that process already.
I thought you would like it if you had not seen/heard it yet. It is dated June 21st.
#13
andr99
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Posted 30 June 2020 - 02:37 PM
long long long long..........they have told it....they don' t want another financial crisis. Covid is digested by stock markets which were sent to the lowest possible point, because the powers that be had a V recovery scenario in mind. Such a crash is a single event not the start of a bear market.....they have said it using clear letters......and numbers
Edited by andr99, 30 June 2020 - 02:38 PM.
forever and only a V-E-N-E-T-K-E-N - langbard
#14
Rich
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Posted 30 June 2020 - 02:49 PM
It looks like I will have a pretty good up signal for tomorrow.
Rich
#15
slupert
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Posted 30 June 2020 - 02:51 PM
we aren't done yet, couple more weeks. (JMHO
#16
pdx5
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I want return OF my money more than return ON my money
Posted 30 June 2020 - 02:51 PM
not sure but i think so
Any chance you might change your mind after today's close?
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#17
redfoliage2
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Posted 30 June 2020 - 02:53 PM
There must be something happening behind today's move. The news should be out any time soon.................
BTW, don't fight the Fed.
Edited by redfoliage2, 30 June 2020 - 02:55 PM.
#18
slupert
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Posted 30 June 2020 - 03:07 PM
There must be something happening behind today's move. The news should be out any time soon.................
BTW, don't fight the Fed.
Mnuchin and Powell just testified. lol, it was on TV. Hammered out a pretty good bottom last week, eh? (JMHO)
#19
pdx5
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I want return OF my money more than return ON my money
Posted 30 June 2020 - 03:07 PM
Sell Bonds, buy Stocks. Jerry Siegel, worth a listen.
https://ritholtz.com/2020/06/mib-jeremy-siegel-covid-market/
I agree with JS. I am in that process already.
I thought you would like it if you had not seen/heard it yet. It is dated June 21st.
The bonds saved my butt during March decline.
My instincts said the clearance sale in March in stocks was a good time to begin switching.
So far so good. If my target is reached in July, I am very likely to hit the sidelines.
I am becoming more and more risk averse as an octogenarian.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#20
K Wave
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Posted 30 June 2020 - 03:07 PM
There must be something happening behind today's move. The news should be out any time soon.................
BTW, don't fight the Fed.
Or perhaps they're looking at Sweden and realizing the Virus has no real killing power left....along with sensing that the case spikes are nearly done here in USA.
And ...Don't Fight the Fed
Edited by K Wave, 30 June 2020 - 03:08 PM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
