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"INFLATION PANIC SETS IN .... SUCKERS' RALLY"


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#1 dTraderB

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Posted 13 November 2021 - 08:55 AM

Some are worried, some still buying the dip...it is indeed now a suckers' rally.

"Inflation may be here for awhile and more people are getting worried. In the U.S., economists were surprised when prices rose the most in 30 years with the potential to accelerate toward 7%. The British Chambers of Commerce said 80% of U.K. businesses are feeling the effects of inflation, too. President Joe Biden said his landmark infrastructure plan will help the U.S. economy get back to normal, but Democrats must also judge how quickly, and how much, prices might cool. Consumers there are paying more for milk, meat, soy sauce and above all gasoline. John Authers writes in Bloomberg Opinion that this weeks developments settle the debate over whether the trend, as the Federal Reserve insists, is transitory."

https://www.bloomber...nsumers-worried

#2 dTraderB

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Posted 13 November 2021 - 08:59 AM

Anyone thinks this is useful, or useless?
I am not a keen fan of VOLUME but willing to evaluate any new tool.

https://stockcharts....ive-volume.html

#3 dTraderB

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Posted 13 November 2021 - 09:02 AM

SURE, they lowered expectations and then celebrated better than expected lowered forecasts!

"Economic data is exceeding economists' ability to keep up.

According to Bloomberg, the Citigroup economic surprise index measures data surprises relative to market expectations. A positive reading means that data releases have been stronger than expected and a negative reading means that data releases have been worse than expected.

After a surge in positive economic reports a year ago, economists adjusted their expectations and subsequent reports failed to meet those higher standards. Dean noted that now that conditions are (somewhat) normalizing, reports are once again beating expectations.

In recent days, the Citigroup economic surprise index crossed above zero. This move into positive territory ended a streak of more than 70 days below zero."


https://www.sentimen...imating-the-us/

#4 dTraderB

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Posted 13 November 2021 - 09:04 AM



"We update several other models of sentiment based on public information released by other sources. And each of them is showing similarly high levels of optimism among those who tend to be wrong at extremes"

https://www.sentimen...rious-comeback/

#5 dTraderB

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Posted 13 November 2021 - 09:09 AM

Conventional NEWS MEDIA almost irrelevant.
In other NEWS:

"CNN is going to revert to a 100% news channel, and a "good number" of CNN's "talent/staff" will be fired as part of a major shakeup.

According to Deadline, Zaslav has vowed to be "very hands on."

https://www.zerohedg...f-major-shakeup

#6 dTraderB

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Posted 13 November 2021 - 09:12 AM

FED is way behind the curve on this one:

"Inflation is now rising at the fastest rate in recorded history and could potentially hit 8+% next year.
Cash and bonds are guaranteed to lose money and the stock market is 30% overvalued..."

https://seekingalpha...-afford-to-miss

#7 dTraderB

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Posted 13 November 2021 - 09:15 AM

What a RANT! Not totally FALSE, or TRUE.

"Wall Street is the only industry in America that has for decades contractually banned both its customers and its employees from utilizing the nations courts for claims against the Wall Street firm as a condition of opening an account or getting a job there.

Instead of being able to go to court with a claim of fraud if youre a customer, or a claim for labor law violations, like failure to pay overtime or sexual harassment if youre an employee, Wall Street makes its customers and employees sign an agreement to take all such claims into an industry-run or privately-run arbitration system. The above graphic from the study by the American Association for Justice shows how claimants faired in mandatory arbitration forums run by the American Arbitration Association (AAA) and JAMS. The findings cover a broad range of industries, not just Wall Street."

https://wallstreeton...private-trials/

#8 dTraderB

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Posted 13 November 2021 - 09:23 AM

THE C WORD!

"Tech stocks are surging left and right like it's 1999 all over again.
The S&P 500's cyclically adjusted P/E ratio was higher just once before now. Yes, you guessed it, leading up to the 2000 market top.
While technology is leading the charge, sky-high valuations seem to be widespread amongst multiple sectors.
A correction in ultra-high multiple names combined with multiple compression in more mature companies could cause a market meltdown soon."

...
Don't Get Too Comfortable: The Crash May Be Coming https://seekingalpha...crash-is-coming

Edited by dTraderB, 13 November 2021 - 09:24 AM.


#9 dTraderB

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Posted 13 November 2021 - 09:26 AM

Great week, started well but final 2 days were Red.
Reduced SHORTS but still holding relatively LARGE SHORT position.
Will add on any RALLY

#10 dTraderB

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Posted 13 November 2021 - 09:29 AM

NEW ATH most likely in NOVEMBER - DECEMBER but what matters now is HOW MARKET BEHAVES from now to end of 2021.

5-Signs Stock Market Investors Are Too Bullish https://seekingalpha...are-too-bullish