Member
Posted 27 January 2023 - 03:41 PM
I haven't seen call prices so high since the week record high in the market. People are absolutely ecstatic about it and that never ends well, we need a nice balance for the market to continue to move up healthy wise. Gonna make for an interesting weekend and trading next week with the Fed announcing and big tech reporting, might be buying a little early!!
Target rich environment.
Member
Posted 27 January 2023 - 03:51 PM
And look at that on Utes...
Looking like Monday may FINALLY be the decider
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 27 January 2023 - 03:51 PM
They're talking real estate boom again? Phones ringing off the hooks and people snapping up houses.
Edited by linrom1, 27 January 2023 - 03:52 PM.
Member
Posted 27 January 2023 - 03:52 PM
But you do think it should be up up up right now though don't you red? I'm with you though d market is getting scary here with the Vix falling near recent lows, calls sooooo expensive and bonds leaning higher in yield, getting way ahead of itself!!
At this juncture I see there is not much upside left, if not an IT top right here unless the Fed changes its inflation target from 2% to 5% that is unlikely .......................
The current rally is mostly based on the hype/wishful thinking that the Fed will stop hiking after a 25 bps raise next week, that is likely to be punished as the inflation is still way too high for the 2% inflation target by the Fed. ......................
The moment of truth soon next week, going to be very interesting. I bet the same result as this game was played multiple times last year, So, this may well be an IT top ..........................
Edited by redfoliage2, 27 January 2023 - 04:02 PM.
Member
Posted 27 January 2023 - 03:54 PM
And we did eventually get the full tag on REIT 2 hour...which is not all that surprising.
Now bears have to get it back under 2400 PDQ!
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 27 January 2023 - 03:57 PM
They're talking real estate boom again? Phones ringing off the hooks and people snapping up houses.
Parallels to 1930 are striking...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 27 January 2023 - 03:58 PM
After the huge ramp to the 900 day...TSLA now ripe for a bombing...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 27 January 2023 - 04:00 PM
Dow did not hold that line in that sand at the end....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 27 January 2023 - 04:07 PM
And BRK puked it at the end as well...almost certain Monday is decision day now..
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 28 January 2023 - 01:34 PM
I haven't seen call prices so high since the week record high in the market. People are absolutely ecstatic about it and that never ends well, we need a nice balance for the market to continue to move up healthy wise. Gonna make for an interesting weekend and trading next week with the Fed announcing and big tech reporting, might be buying a little early!!
Target rich environment.
Yes there's target rich and there's extreme and right now they are way to high for that, to many hopes for higher prices and that's never good!!
